{"id":9442,"date":"2020-11-25T14:26:44","date_gmt":"2020-11-25T20:26:44","guid":{"rendered":"http:\/\/smallbizsurvival.com\/?p=9442"},"modified":"2020-11-23T14:40:04","modified_gmt":"2020-11-23T20:40:04","slug":"spend-your-brainpower-before-your-dollars","status":"publish","type":"post","link":"https:\/\/smallbizsurvival.com\/2020\/11\/spend-your-brainpower-before-your-dollars.html","title":{"rendered":"In an economic crisis, spend your brainpower before your dollars"},"content":{"rendered":"<h2>Be frugal.<\/h2>\n<p>One of the Small Town Rules is to spend your brain power before spending dollars.\u00a0Be creative about how you handle challenges rather than to throw money at the problem.<\/p>\n<h3>Venture capital vs. Bootstrapped<\/h3>\n<p>We\u2019ve all heard about startups that have been funded by whatever venture capitalist or angel that has just dropped a truck load of money on them, so they\u2019re just throwing money at every single challenge that comes up. They burn through all that money without doing the creative thinking.<\/p>\n<p>The opposite of that is bootstrapping. Startups funded only by their founders are more likely to say, \u201cI\u2019m going to do it on all my own money, and I\u2019ll figure out how to make it work. Because it&#8217;s my money, I\u2019ll make it go as far as I can.\u201d<\/p>\n<h3>The free solution<\/h3>\n<p>The example I like to share is from my liquor store. When my mom took over the store back in the 1990s, she started carrying a lot more wine than the previous owner had. She needed a place to store the extra wine in the backroom on its side to keep the corks moist and preserve the quality of the wines.<\/p>\n<p>Mom didn\u2019t have any of the specialized wine racking that was available for sale. That costs money. This was for the backroom, so appearances weren&#8217;t important. It just had to work. My mom was not about to spend money she didn&#8217;t have to.<\/p>\n<p>She dug around and found old bookshelves she already had. Then she took the divided cardboard boxes wine was shipped in, put them on their sides on the bookshelves, and made wine shelves for the back room. It cost her nothing to do that. We were still using those cardboard boxes on shelves 20 years later. We hadn\u2019t spent money on commercial shelving, and it worked just fine.<\/p>\n<div id=\"attachment_13684\" style=\"width: 310px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-13684\" class=\"wp-image-13684 size-medium\" src=\"https:\/\/smallbizsurvival.com\/wp-content\/uploads\/2015\/06\/Wine-shelves-back-room-300x225.jpg\" alt=\"Book shelves with divided cardboard boxes filled with wine bottles\" width=\"300\" height=\"225\" srcset=\"https:\/\/smallbizsurvival.com\/wp-content\/uploads\/2015\/06\/Wine-shelves-back-room-300x225.jpg 300w, https:\/\/smallbizsurvival.com\/wp-content\/uploads\/2015\/06\/Wine-shelves-back-room-800x600.jpg 800w, https:\/\/smallbizsurvival.com\/wp-content\/uploads\/2015\/06\/Wine-shelves-back-room-768x576.jpg 768w, https:\/\/smallbizsurvival.com\/wp-content\/uploads\/2015\/06\/Wine-shelves-back-room-1536x1152.jpg 1536w, https:\/\/smallbizsurvival.com\/wp-content\/uploads\/2015\/06\/Wine-shelves-back-room.jpg 1200w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-13684\" class=\"wp-caption-text\">Why buy expensive commercial wine racking for the back room when you can make your own for free? That&#8217;s spending your brainpower before your dollars. Photo by Becky McCray<\/p><\/div>\n<h2><em>Have you filled out the Survey of Rural Challenges? <a href=\"https:\/\/smallbizsurvival.com\/survey\">Find it here<\/a>.\u00a0<\/em><\/h2>\n","protected":false},"excerpt":{"rendered":"<p>Be frugal. One of the Small Town Rules is to spend your brain power before spending dollars.\u00a0Be creative about how you handle challenges rather than to throw money at the problem. Venture capital vs. Bootstrapped We\u2019ve all heard about startups that have been funded by whatever venture capitalist or angel that has just dropped a [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":13684,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","episode_type":"","audio_file":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","date_recorded":"","explicit":"","block":"","filesize_raw":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[3,164,8,37],"tags":[603,604,159,602,184,42,227],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/smallbizsurvival.com\/wp-content\/uploads\/2015\/06\/Wine-shelves-back-room.jpg","_links":{"self":[{"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/posts\/9442"}],"collection":[{"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/comments?post=9442"}],"version-history":[{"count":6,"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/posts\/9442\/revisions"}],"predecessor-version":[{"id":13688,"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/posts\/9442\/revisions\/13688"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/media\/13684"}],"wp:attachment":[{"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/media?parent=9442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/categories?post=9442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smallbizsurvival.com\/wp-json\/wp\/v2\/tags?post=9442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}