For me one of the best advices when you are in business is that you always must care the cash flow. This advice is more true when you start-up a new business because ussually you cannot see fresh money after several weeks or even months.
An alternative is therefore to start a new business by renting offices shared with other people with businesses like yours as the Wall Street Journal comment on its website in an interesting article:
“For entrepreneurs, it’s a cheaper and more flexible alternative to renting or buying space of their own. The 32-year-old Mr. Roediger and his partner contracted with Qwirk Columbus Corp., a recently opened co-working space in downtown Columbus, Ohio, to pay $500 a month for two desks in an office, computers with Wi-Fi, use of conference rooms, a shared printer/copy/fax machine, espresso maker and more. Mr. Roediger estimates he’s saving $300 to $400 per month on utility bills and not having to rent space he doesn’t need.”
As you can see the savings can be significant. Maybe the hardest part is to find the perfect co-tenant.
You can read the full article from The Wall Street Journal by clicking here on this link