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In the current situation, that has prevailed all over recently, startups are looking to survive through cutting costs and refocusing on profitability through a different approach. A list of tips has been put up by a dedicated team, that is seemingly sufficient to put a startup on the right track:

• If being a business person is not your goal find a business partner immediately.
• Consult anyone you know that has run a earnings-based business.
• Spend your money when it’s in the bank, not when the deal is agreed to (or never count your chickens before they hatch).
• Spend at least 50% of your time selling.
• Know thy accounts!
• Prove your revenue models before investing in them.
• Don’t lie to yourself.
• Fail fast.
• Hire slow and fire fast.
• Be frugal about everything.