What is the best strategy to reduce your Startup's operating expenses?

I think a culture of "Is that really needed?" is a good way of focusing a team on spending. Unless something is bringing real value at an early stage it may be best to try and 'do it yourself'.

Good question. I'd love to hear what other people have to say. Personally, I take yearly payments of my must use services. Normally there is a smal discount if you pay on a yearly basis. In addition, I'm using a serverless architecture on AWS, very low cost so far.

Increase your customer LTV!

Reorganize the salaries temporarily in a way which is affordable by the employee and also provides temporary relief to the company. Offer either interest on the postponed % of salaries or equity of the equivalent amount to the employees who are willing to accept delays. Maybe you can also offer to cover for any interest on personal loans an employee takes for the next few months if they have agreed to a receive a % of salaries at a later date.

I am solo developer so basically do things yourself even if paying may be quicker...bcoz you will learn something ....getting harder though..

Quite good suggestions you received in all the comments already. I agree with all of them. I would add that your biggest expense (given you already have given up the office) is probably your workforce. This is where you can focus your effort to get real "savings". Now - making savings on the back of your staff is never a good idea if there isn't a fair compensation and a rationale explanation. I think the explanation is relatively straight-forward here. As for compensation, you could offer extra options in your Share-options program (assuming you have or plan to have one). It can be great for them on the long term! You could also offer wage reductions associated with work-time reductions, which may appeal to some of your team members. Last, but not least (and certainly not pleasant) - this is a time to focus on what strictly matters. You may have to let go of some people. Good luck!

If you are web startup - the following are the stuff will help you to cut cost. 1. Go completely remote – Cancel all your lease 2. Move from expensive cloud server like AWS (Good options are available in the market – try Linode / Digital Ocean or buy dedicated VPS) 3. Evaluated your other SAAS product you pay every month. Try to into the data and make call to renew their services. 4. Talk with your team on the current financial status of the company. More ideas will come from internal team.

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