Every business owner I work with wants to increase their bottom line and make more money, but forget that often times the simple steps can have the biggest impact. The one issue that stops many of these owners from “seeking the simple,” is that they feel if it’s so simple, it can’t possibly work. Well, […]
Expenses
Watch Out for These 6 Easy-to-Forget Expenses During Your Business’s 1st Year
The idea of starting a small business can be exciting to many would-be entrepreneurs, opening up the opportunity for job flexibility and the freedom to call your own shots. However, even though running a business can be fulfilling and offer the chance to build wealth, it’s not always the cheapest endeavor. If you’re interested in […]
3 Simple Ways to Reduce Unnecessary Spending
As a small business owner, you’re also a consumer. And as a consumer, whether for business or personal, there are many temptations to be found to spend your hard-earned cash. It can be easy to get carried away with spending on the things you love, however, this can lead to financial difficulties if not kept […]
How to Save On Your Shipping Costs
Image Source The vast majority of online customers want their items to be delivered swiftly and at a reasonable cost. It might be quite tempting to provide your clients the cheapest shipping rates possible, but doing so may have a detrimental influence on your profits. That is why it is even more critical to be […]
Do These 4 Things to Control Overhead Expenses
Small business owners need to be vigilant about controlling overhead expenses and mitigating exposure to unnecessary loss. In certain instances, some short-term costs can stave off long-term or unexpected costs. Here are some ways that you can help your small business become as profitable as possible. Be Willing to Pay for the Technology That You […]
Self-Employed? 8 Ways to Lower Your Expenses
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 […]
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 […]
