I am still buried deep with numbers, cost of goods, expenses…etc. And weighing that with pricing of our services.

Just completed, like what…10th round of Excel. Also, managed to work out more savings on costs, and I’m delighted to be able to transfer this savings to my customers.

The offer looks SO GOOD that I myself be darn interested to buy, what a fab value!! And this is coming from a very kiam siap/ frugal person, me.

However, funny as it may sounds, I can’t help but wonder, what if I miscalculated?!! Where is the line between making a salivating offer vs making my Company broke?

Being a start up entrepreneur, and for many other entrepreneurs, one of the challenges is to keep overheads & costs low.

One of the way to do that, is to DIY, do it yourself for certain tasks. Especially in the IT field, some things are free (open source).

For us, holding on to whatever funds we have with an iron fist is vital. Hence, yes, many things we D-I-Y. Website, some simple copies, creative ideas (Boy,we don’t lack in this area for sure!).

However, as I came to find out increasingly, we need to strike a balance somewhere, and not be a maniac DIYer. There are just some things/areas you can’t DIY. What are they?

Simple- things that you don’t have a bloody clue about! Or things that are ridiculously cheap to outsource, and darn mundane to do, stuffing greeting cards into envelopes & licking stamps for example. Or copywriting, for heaven sake. If you are not sure you can write copy that sells, better get someone else to do it.

If it’s gonna take you a lonnnnnnnnnnnnnng time to just figure out the how to’s, that’s gonna cost you.

Time cost. How much $ you actually throw away by putting your time into doing tasks that can be outsourced affordably. As a smart entrepreneur, you gotta know which area you want to spend your time on. If your time is better spent in front of your clients, or developing business, etc,  that is the time that costs & rewards the most.