First, as the old saying goes, it takes money to make money, and the more cash you have up front, the longer your runway will be--and the greater the chances your business will take off.
Donny quickly zeroed in on one expense that many entrepreneurs think is necessary, but that is often just a big waste of money: the co-working space.
Continues Donny, 'Having office space can be great, but it is a luxury, and entrepreneurs who want to succeed are careful to spend their precious cash only on the absolute necessities.'
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