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What mistakes have you made trying to cut corners with saving money?

As a startup you are always looking to save as much capital as you can and this many times leads to big time issues. What mistakes did you make trying to save money?

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Michael Barnathan
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Michael Barnathan Entrepreneur • Advisor
Co-Founder of The Mountaintop Program, Google Alum
I've made mistakes spending too much, seldom the opposite. If you have enough capital, it's easier to recover from overpaying for someone mediocre than spending bottom of the barrel and getting your money's worth.
Jennifer Ernst
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Jennifer Ernst Entrepreneur • Advisor
Marketing | Business Development for early-stage, high-growth tech
Hiring too junior and expecting people to "grow" into the roles. The demands of the roles always grew faster than the people could, particularly given there was little to no time for mentoring and coaching in a fast-paced start-up.
Chuck Bartok
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Chuck Bartok Entrepreneur
Marketing and Sales Manager at MD Building Systems of Florida, Inc
Only once about 50 years ago I made the mistake of not buying the Best Equipment available
and NOT hiring the best and paying very well.
The most important asset a company has is personnel.
Then comes equipment.
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