For a bootstrapped startup, every penny saved is a penny earned (and reinvested). Mastering frugality isn't about being cheap; it's about being smart and resourceful with your spending.
Start by scrutinizing every expense. Do you really need that expensive software subscription? Can you find a free or open-source alternative? Embrace remote work to save on office rent and utilities. Negotiate favorable terms with suppliers and vendors.
Delay unnecessary hires. Can you handle more tasks yourself or leverage freelancers and contractors as needed? Prioritize essential spending that directly impacts revenue generation. Embrace DIY solutions for tasks like marketing materials and basic website updates. Frugality isn't a temporary measure; it's a mindset that can contribute to long-term sustainability.