Spending money wisely on a startup is crucial for long-term success. Hereโs a short guide: 1. Prioritize Essentials โ Invest in core needs like product development, licensing, and legal structure (LLC, trademark, etc.). 2. Keep Overheads Low โ Work remotely, use freelancers, and avoid unnecessary office expenses. 3. Smart Marketing โ Start with organic marketing (social media, content creation, networking) before spending on paid ads. 4. Focus on Revenue Generation โ Invest in activities that directly bring in customers and sales. 5. Track & Adjust โ Monitor spending, adjust strategies, and reinvest profits wisely.
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