AT EVERY stage of running a startup, whether it is before or after receiving funding, finding strategies to save money is key to business prosperity.

It is, therefore, vital to both short-term and long-term success to strategize on budget and find money-saving opportunities whenever they present themselves. This guide will offer 5 tips on how you can save money as a startup.

BE SMART WITH PRODUCT RESEARCH

"Product validation ensures you're creating a product people want and will pay for so that you don't waste time, money and effort on an idea that won't sell," claims Roxanne Voidonicolas of Shopify.

Investing in product research and validation is a key aspect of solidifying the viability and potential value of your product. It can identify aspects of your product that can be amended or cut so that you are only offering something that your audience will want to buy. This will save you time and money, especially as your business expands.

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