Getting a business off the ground may seem like a costly endeavor, as it includes filing for a commercial loan and filling out a financial plan to prove to investors that you know what you're talking about. Once you get that money, though, there is no set structure as to how you must allocate funds. It's up to you to make sure you're using money in the most sensible and responsible way possible to get the business operational.

Just because you've been granted a loan, though, doesn't mean you should feel compelled to spend every penny. Finding constructive ways to save money in a business' infancy will set you on the road to a cost-effective standard operating procedure.

Review your fees

There's no such thing as a service that's rendered without some sort of additional fees added on at the end. Credit cards, shipping companies, legal entities and pretty much every company you have to work with it will cost you a surcharge just for the privilege of having their custom. In order to combat these extra charges, review bills carefully and be mindful of the entities most likely to get you with these kinds of additions.

Networking and communication are number one on the list of hidden fee thieves, according to Inc. Magazine. Shipping companies are notorious for this, Jerry Piscitelli of Portopong told the news service. Making sure your product fits easily into flat-rate boxes or is shaped appropriately to be shipped on its own can save a company a good amount of money in fees, Piscitelli said.

Watch your money

Having a financial calculator is useful for more than just coming up with initial estimates. Using the same tools and figures you assumed would represent your financial outlays to start a business will help you set limits and save money.

Forbes wrote that hiring the right people can save a huge amount upfront and take a burden off calculated bottom lines. If you are constantly compensating for the cost of employee turnover, there's no way you will be able to stick to budget, so making the right hiring choice the first time will save you headaches in the future.

No matter what, the source pointed out, the best strategy on cost-savings is to remain level-headed and handle money sensibly.