Cheapest way to Setup your Tech Start-up: [Essay Example], 487 words GradesFixer

Haven't found the right essay?

Get an expert to write your essay!


Professional writers and researchers


Sources and citation are provided


3 hour delivery

This essay has been submitted by a student. This is not an example of the work written by professional essay writers.

Cheapest Way to Setup Your Tech Start-up

Download Print

Pssst… we can write an original essay just for you.

Any subject. Any type of essay.

We’ll even meet a 3-hour deadline.

Get your price

121 writers online

Download PDF

With the boom in the start-up economy, the entrepreneur stride has flooded the market space. Many young aspiring entrepreneurs want to try their hands at a tech-based business. Being tech native, every newly minted MBA wants to try their luck on a mobile app or a cloud-based service or a social media platform. But setting up a tech start-up from starch is far from easy. Further, the situation gets worse if you are not a software developer or a network architect. Let’s face it, starting from scratch is not easy, you have to master the art of managing with shoestring budgets. The basic question in pipeline remains as to where to start from. Commercial real estates are out of reach. Finding an affordable office space becomes tedious.

From a practical standpoint, know the cheapest way to kick-start your tech start-up:

  • Get The Right Structure There are many forms of business entities which are available to initiate your start-up, keeping in mind various criteria’s like the tax structure, minimum investment, number of people, legal obligations etc. the most convenient structure opts. You have the following options:
  • Private limited company
  • Limited liability partnership
  • One person company
  • Sole proprietorship

The cheapest of the lot is a sole proprietorship. But in case you wish to look out for investors, you need to opt for private limited where you can lend your equity. Once the type of entity is selected, select a business name and register your domain name.

  • Hire – Fire Smart
  • Keep the team small, crisp and precise. Too many minds won’t do any good rather will end up making a hole in your bleak finances. Instead of going for an expensive source, you can always hire from a talented pool of interns or campus placements. While recruiting, be a true hacker. Apart from focusing on the core competency, lay due importance on soft skills and the vigour to learn and grow. The quickly you hire, even more quickly should you fire. Never delay or hold back the weak links in your start-ups. It’s any day better to fire before your next hire as it adds no pressure to hit the financial milestone. For the ones who prove themselves, offer them equity to make them motivated and committed.

  • Opt for Co-working spaces
  • On the basis of your team size, evaluate your space needs and the budget. Co-working spaces which are apparently blooming in every hook and corner have provided a cost-effective way to procure premises without getting into the expensive real estate. Determine a suitable location in line with your customer base and accessibility. Once the location is specified, you need to select a suitable co-working space in line with the following:

  • The cultural differences in the coworking space
  • Work environment, is it still traditional?
  • Essential Amenities
  • Work Quality: Good lighting, Air Quality, Comfort and Impressiveness.
  • Networking Opportunities
  • Marketing aided facilities.

Starting a business can be risky especially when the finances are less. But with three points you can surely put yourself on the path to entrepreneurship.

Remember: This is just a sample from a fellow student.

Your time is important. Let us write you an essay from scratch

100% plagiarism free

Sources and citations are provided

Find Free Essays

We provide you with original essay samples, perfect formatting and styling

Cite this Essay

To export a reference to this article please select a referencing style below:

Cheapest way to Setup your Tech Start-up. (2019, February 27). GradesFixer. Retrieved January 28, 2021, from
“Cheapest way to Setup your Tech Start-up.” GradesFixer, 27 Feb. 2019,
Cheapest way to Setup your Tech Start-up. [online]. Available at: <> [Accessed 28 Jan. 2021].
Cheapest way to Setup your Tech Start-up [Internet]. GradesFixer. 2019 Feb 27 [cited 2021 Jan 28]. Available from:
copy to clipboard

Sorry, copying is not allowed on our website. If you’d like this or any other sample, we’ll happily email it to you.

    By clicking “Send”, you agree to our Terms of service and Privacy statement. We will occasionally send you account related emails.


    Attention! this essay is not unique. You can get 100% plagiarism FREE essay in 30sec

    Recieve 100% plagiarism-Free paper just for 4.99$ on email
    get unique paper
    *Public papers are open and may contain not unique content
    download public sample

    Sorry, we cannot unicalize this essay. You can order Unique paper and our professionals Rewrite it for you



    Your essay sample has been sent.

    Want us to write one just for you? We can custom edit this essay into an original, 100% plagiarism free essay.

    thanks-icon Order now

    Hi there!

    Are you interested in getting a customized paper?

    Check it out!
    Having trouble finding the perfect essay? We’ve got you covered. Hire a writer uses cookies. By continuing we’ll assume you board with our cookie policy.