Businesses can achieve lower initial costs through various strategies:
1. Leasing Equipment: Instead of purchasing expensive equipment, businesses can lease them to reduce upfront expenses. 2. Outsourcing: Outsourcing non-core activities can significantly lower costs related to staffing and infrastructure. 3. Virtual Offices: Utilizing virtual offices can eliminate the need for physical office space, reducing rent and utility bills. 4. Freelancers and Contractors: Hiring freelancers and contractors instead of full-time employees can minimize payroll expenses. 5. Digital Marketing: Leveraging digital marketing techniques can be more cost-effective than traditional marketing methods.