Five Actionable Tips for Growing a Successful Startup Business on a Budget

Thanks to the proliferation of inexpensive, simple-to-use online software for accounting, human resources, customer service, and other common business functions, it’s never been easier for smart, ambitious individuals to start their own companies.

Five Actionable Tips for Growing a Successful Startup Business on a Budget Why shouldn’t they go for it when many other visionary people have succeeded in starting some of the world’s biggest eCommerce platforms?

Success can come to anyone with a compelling vision and the willingness to make the investment of time, effort, and resources to make that vision a reality.

All you need is some motivation and solutions for all the difficulties you’ll face during the initial phase of starting a small business.



Example: Tim Chen, an Inspiring Figure for Aspiring Entrepreneurs

You can learn a great deal and avoid some potentially costly missteps by studying the experiences of modern startups, such as in the founders and entrepreneurs interview series here or the example of Tim Chen.

You might not be familiar with Chens name, but he offers a prime example of how to grow and scale a successful startup on a budget.

NerdWallet logoChen is the founder of NerdWallet. He’s recently discussed how he raised money to grow his startup, how he used SEO to support that growth, and how content marketing has played a crucial role in NerdWallet’s success.

Chen studied economics at Stanford and then he started working at Credit Suisse First Boston, providing equity research to help clients make the right investment decisions. He assisted institutional investors in mutual funds, hedge funds, and pension funds to assess which technology companies they should buy or sell.

In that role, Chen learned how some business organizations are powerful in terms of their market position and how some businesses fight each other to gain a competitive advantage.

Chen’s corporate career crashed when the NASDAQ dropped by 50% back in 2008. He had no job and decided to try something different. Then one phone call changed his way of looking at his life and career. It was his sister, who wanted to learn about the best credit card available in the market.

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