Donavan Group Consulting in Singapore and Tokyo, Japan 5 Little Told Tips for Startups for Efficient | Page 2

At a later stage when the strength of your company is above 30, you may look up for some cost-effective accounting and
finance service provider that best suits your business requirements.
Keep a limited budget for advertising
Marketing and advertising is essential for a startup to build a good brand reputation and spread a word about its existence
among target audience. Spend wisely on advertising services as this is a very vast field and there is no limit to the money
you spent on different marketing mediums.
Set aside a budget for marketing to know that you are not overspending on it. Later when you have earned decent profit,
you can add to this budget and take advertising strategy to a broader scale.
Wrapping it up…
Strategic planning and management of time, money and resources is the only key to a successful startup. Owners should
have a broad vision as well as the talent to tackle run time challenges and dynamic problems. Stay at the forefront of
technological advancements and trends and gain a competitive edge. Good luck to all startup owners!