Managing software development costs effectively is key for a startup's financial health. Strategies include:Prioritizing Features: Focus on developing the most essential features first. Avoid over-engineering or adding unnecessary features at the early stages.Adopting Agile Methodologies: Agile methodologies like Scrum can help manage costs by breaking down the development process into manageable sprints, allowing for regular evaluation and adjustments.Outsourcing Strategically: Consider outsourcing non-core development activities, especially if the in-house team lacks expertise in certain areas.Utilizing Open-Source Tools: Open-source tools and frameworks can significantly reduce costs without compromising quality.Regular Budget Reviews: Regularly review and adjust the budget based on the project's progress and any unforeseen expenses.