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Whilst most people consider the operation cost for inventory, equipment, software, hardware, technology in a starting business as essential  I would like to pay attention to current living costs from which anyone could actually safe until the business starts to pick up and next growing.

The modern entrepreneurs prefer taking flexible decisions than taking huge risks. The beginnings are hard and in order to see the business growing, there’s a huge need for dedicating long hours to work. There’s no way the living costs to wait or evaporate in these particular moments, the entrepreneur, if really determined to succeed, should be looking at alternative ways to reduce costs. So if you come from a country from the EU consider moving to a country member at least temporarily or why not forever? 🙂

The most common ways to shrink the budget is by:

REDUCE COSTS LABOUR through Outsourcing (please follow the link to learn more)

REDUCE LIVING COSTS through Finding a good destination to live in:

I have done thorough research on the web and compared the places by the cost of living a month and the average Internet speed.

EUROPEAN UNION


CHEAPEST

SOFIA, BULGARIA

Cost of living: € 1175

wifi: 26 Mbps

CONSTANTA, ROMANIA

cost of living: €1,158

wifi: 52 Mbps

RIJEKA, CROATIA

cost of living: $1212

wifi:  14 Mbps

PLOVDIV, BULGARIA

cost of living: €1260

wifi: 29 Mbps

BUDAPEST, HUNGARY

cost of living: €1370

wifi: 29 Mbps

BRATISLAVA, SLOVAKIA

cost of living: €1400

wifi: 22Mbps

POZNAN, POLAND

cost of living: €1370

wifi: 22 Mbps

AVELLINO, ITALY

cost of living: €1370

wifi: 12 Mbps

BRNO, CZECHIA

cost of living: €1440

wifi: 18 Mbps

KRAKOW, POLAND

cost of living: €1440

wifi: 28Mbps

ZADAR, CROATIA

cost of living: €1440

wifi: 15 Mbps

CLUJ, ROMANIA

cost of living: €1460

wifi: 33 Mbps

GDANSK, POLAND

cost of living: €1470

wifi: 19 Mbps

KLAIPEDA, LITHUANIA

cost of living: €1605

wifi: 26 Mbps

BRAGA, PORTUGAL

cost of living: €1544

wifi: 22 Mbps

ZAGREB, CROATIA

cost of living: €1660

wifi: 12 Mbps

BURGAS, BULGARIA

cost of living: €1670

wifi: 26 Mbps

FUNCHAL, PORTUGAL

cost of living: €1670

wifi: 22 Mbps

RIGA, LATVIA

cost of living: $1714

wifi: 17 Mbps

TENERIFE, CANARY ISLANDS, SPAIN

cost of living: €1780

wifi: 22 Mbps

VILNIUS, LITUANIA

cost of living: €1814

wifi: 22 Mbps

COIMBRA, PORTUGAL

cost of living: €1813

wifi: 22 Mbps

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