I recently had to conduct some rentoid business interstate. The content of the trip is irrelevant, what’s relevant is the context. rentoid is a small startup with a long road ahead. Cashflow is important vital, so we conserve it where possible. This is what successful startups do. We know where they are on the revenue curve – and so we are frugal.
Flights: Cheapest tickets available with no frills budget airline.
Time: First flight in morning, fly back after business hours – last flight. This ensures a full day conversations and maximum value within the trip.
Hire Car: Smallest cheapest car available (Hyundai Getz 3 door to be precise). Low on cost, low on fuel. Only needs to fit two people and two laptops.
Lunch: A burger and fries at a local pub. (at least it had Sydney Harbour views!)
Internet access: Hunt down free wifi area and buy a $3 espresso.
Dinner: Airport Pizza & a soft drink.
Ok, it wasn’t the most glamorous business trip, but the objectives were achieved with the minimum cost, and we had fun. We’ll fly business class, or in a private jet when our business can afford it, and hence it’s deserved.
Start ups out there: Know where you are at. Never let ambition or ego get in front of the revenue reality.
