Entrepreneurs Share Their Money Saving Tips   Photograph:
Courtesy of Artspace.com  Company Symbol % Change 9 of 17
Catherine Levene, Artspace.com  When Catherine Levene co-founded
Artspace.com last November, she and her team "camped out in the
office of another company," paying a "very small" amount of rent
while avoiding costs like security deposits.  Levene, the
company's chief executive officer, says she didn't have a budget
for recruiters while starting the marketplace for contemporary
art. "So we spent hours and hours working our own networks."
Most effective, she found, were social media sites such as
LinkedIn and Facebook.  She also saved by using software
developed for young companies, covering everything from e-mail
to project management. With so many options, many of them
inexpensive--and some even free--Levene says: "In the early days
of a company you don't need to build everything."