Start Ups and Small Business Cost Cutting Tips for Entrepreneurs (2021):
By: Technofog Editors
Tags: Entrepreneurship, Small Business, CEO, Startup, Business

Most don’t have access to the large accounting firms who are aware of the massive benefits available to them. Start up costs can be offset.

PPP? SBA loans? Nope, those are mainstream but sometimes can be difficult to secure and have complex rules governing them.

What we’re talking about are tax credits and incentives that are massively overlooked that can save everyone from small disadvantaged business to existing small and medium enterprise to the next unicorn startup very large sums of capital that they are very rarely aware of or ever hear about.

Let’s take a look at what this is and how it works. Ideas for small business like this don’t come along often so lets explore.

There’s a giant world of credits and incentives that most entrepreneurs and small business owners have no idea about, globally its approximately ~$300 billion with the U.S. accounting for a little more than half of the market, roughly ~$150 — $170 billion. In a world where the word ‘trillions’ gets thrown around a lot, it may not seem like $150 billion is that big until you realize that, for most start ups, early stage ventures all the way to Series B funded companies and existing small businesses, access to this capital can be life saving. Did we mention it’s virtually unknown?

The market is almost entirely dominated by the largest U.S. companies, think Boeing, Walmart, Apple and Amazon. Everyone is aware these behemoth corporations have full time lobbying arms, sophisticated government relationship teams dedicated to creating or discovering existing benefits they can use to save themselves billions of dollars each and every year.

It quickly becomes apparent and easy to see why they would want to use these benefits to their advantage, but also why a small company would never have heard of them, or have any way to access them without spending huge amounts on lobbying firms. Cost cutting shouldn’t only be available to the large players.

So whats the solution? How can my company access these credits and incentives? Also, is this even applicable to smaller companies like ours?

It most likely is, of course every company has their own unique situation but what’s different now is there are companies willing to do the work of the lobbyists but instead of a big up front fee, only AFTER you receive a credit or incentive does the intermediary get paid a portion of your credit/incentive.

This is truly a win-win in our opinion, the average amount a company can save can easily hit $50k…it’s money you’re entitled to. We believe every CEO & CFO should be exploring this (if you’re an employee looking to get noticed, promoted or a big bonus? Mentioning this to your CEO would be key). This really can have an impact on the lean start up who are already cost conscience.

Our recommended intermediary firm is called MainStreet, they offer an incredibly easy, straight forward, and most importantly free evaluation that can be done in some cases, in as little as 15–20 minutes.

(*Note — — This article contains Affiliate Links, if you purchase anything after clicking an Affiliate Link, we may receive a small compensation that helps support our work)

So who is MainStreet? Do they have a track record? Yep, they most certainly do, they have been trusted by over 500 founders who have used them successfully. Here’s a partial list is below…

Conclusion:

In our opinion, this is a no-brainer move as they say, it has the potential to empower small businesses around the globe and we wholeheartedly believe in helping businesses grow and succeed. We know from the numbers, many start ups fail and we need to have the same benefits available to us as the large corporations use, Lets even the playing field to give our chances of success the boost we need. It comes with our favorite price too, zero.

To learn more about MainStreet and find out if you can benefit, click here.

(*Note — — This article contains Affiliate Links, if you purchase anything after clicking an Affiliate Link, we may receive a small compensation that helps support our work)