DIY Startup Not Always Cost Savings

“I had some money that was left from my inheritance from my father, and the rest of the financing I got through a home equity loan,” says John Twomey, owner of Bits of Britain Cafe. Twomey says you should consider whether doing the work yourself is actually cheaper than hiring a professional. “Look very carefully at the balance between the speed and efficiency of getting your work done versus the amount of money you save by not paying somebody else,” says Twomey.

Duration: 2:10