Entrepreneur strives to save on start-up costs, squats at AOL

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On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Monday, June 4, 2012.

His career started when he was only 19 years old. He left his parents’ house in Chicago and struck out on his own, landing in Palo Alto, California as a participant of AOL’s Imagine K12 — an initiative organized to encourage entrepreneurs who want to help in the educational field. This particular entrepreneur wanted to start a business that would create software that would help facilitate collaborative learning in a school environment.

Entrepreneurship is a very common dream amongst younger generations. Many youthful entrepreneurs have innovative ideas that could form very successful businesses but are not sure how to get the process going or are worried about financing. Our California software entrepreneur went to extraordinary lengths to try to save money for start-up costs by squatting in the AOL building for two months before security caught on.

The young man had slept on the couches in the building after he lost his apartment and his friends did not have the space to allow him to sleep on their couches. He fed himself by munching on scraps that were left after meetings and other work functions that provided food. He kept his hygiene up by using the showers at the gym in the building and even getting in the occasional work-out. In those two months, he said he only spent $30 on living expenses.

There are easier ways to save money when starting a new business than squatting at your current employer’s office. Hiring an experienced attorney is one way to ensure that every detail is covered when planning a new business venture. The attorney will take the stress off of your shoulders and protect you from surprise start-up costs and problems.

Source: CNN, “Young entrepreneur squats at AOL office for 2 months to keep dream alive,” May 28, 2012