How to Start a Business on the Cheap – Forbes

November 13, 2012

More than a decade later, entrepreneurs now brag about how little money it took to launch their business. Eric Ries, with his book, The Lean StartUp spawned a new generation of entrepreneurs who are now doing it for less. Business frugality has become the new black. A Wells Fargo survey stated that the average small business owner started their company with $10,000. This amount can be far less if the entrepreneur is starting a services-based business. Experience shows that actually having too much money in a business launch can be wasteful. It can lead to lazy and ultimately stupid business decisions.


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