You own your own home-based business and, like many, had a tough financial year. 2020 is a year that most people want to leave behind. Thankfully, there are several ways to reduce your home-based business expenses so you can run leaner and more profitably in 2021. Credit Card Debt Many freelancers have excessive credit card […]
Expenses
Why an Average Startup Burns Through So Much Cash
Conventional wisdom tells managers that they have to spend money in order to make money. That doesn’t always work, however. Many firms don’t keep an eye on their burn rate, which is a measurement of just how fast they burn through their initial seed capital. Housekeeping startup Homejoy blew through around $40 million in venture […]
Avoid These 6 Money Wasters in Your Tech Business
Even the best entrepreneurs make money mistakes. Some of these errors are minor and easily corrected. However, some spending mistakes can cause significant harm to a business’s bottom line and make it much harder to get work done. A lack of capital can sink any tech business. Even one with a strong customer base, an […]
Survey: Nearly Half of Americans Ready to Move to Reduce Expenses
The COVID-19 pandemic has been a mainstay for the better part of 2020, affecting nearly every aspect of daily life as we know it. Our housing choices are no different. Record-breaking unemployment — with more than 11 million Americans still jobless — along with an exodus from major cities with dense populations, such as New […]
4 Smart Ways to Cut Small Business Expenses
Have you ever read Dilbert? It is a long-standing comic strip that pokes fun at the business world. Occasionally, the strip pokes fun at companies spending hundreds of thousands on consultants to help them save money. There is an odd paradox that exists in the business world where middle managers are happy to throw money […]
5 Ways to Cut Personal Expenses to Increase Cash Flow
Photo by Sam Beasley on Unsplash Some major expenses cannot be avoided, but when these involve your house, car, or home appliances, there are ways to save money. When you’re running your own small business, every dollar counts, especially personal expenses. Housing is usually the most significant expense most people have each month, followed closely […]
5 Proven Ways to Reduce Financial Waste in your Business
The impact of the COVID-19 pandemic on the world economy is set to be profound and lasting. If you’re a business owner, you might be concerned about how you will stay afloat during these uncertain and worrying times; even the most successful businesses might only be a few wrong moves away from going under. All […]
5 Costly Business Expenses You’re Forgetting to Account For
To keep a small business running, you need cash on hand to cover all potential expenses — like payroll, materials and rent. Some expenses, however, tend to slip through the cracks — and may come up at a time when your business isn’t ready to handle them. With the right preparation, you can plan for […]
5 Best Ways to Reduce Expenses Using Tech
It makes sense that a lot of businesses want to make their operations cheaper, especially in times like these. Many people are struggling to make ends meet, and ensuring that you can make as much as possible from your company will always mean reducing its costs. To help you out with this, this post will […]
6 Simple Ways to Cut Your Business Costs
Your business costs can increase by up to 10 to 20 percent per annum. For example, companies can expect the price of their favorite airline tickets to rise after an increase in oil prices. Your supplier can also decide to increase the cost of supplies by 5 to 10 percent. Increases in expenses can make […]
