10 Ways You Can Cut Your Business Costs

Posted by ShawnHessinger under Finance
From http://smallbiztrends.com 4266 days ago
Made Hot by: Monsieur Eraser on March 6, 2013 5:48 am

Cutting small business costs should really be about more than just pinching pennies. In needs to be about making your business more efficient, and hopefully more profitable in the process. Don't expect your average list of cost cutting suggestions here. These are tips for making your business better overall. Some might require investment in the short run but in the long run offer distinct advantages. Read this post and comment on what your business needs to become more efficient.

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Comments

Written by HeatherStone
4265 days ago

Hi Shawn,

I think the point about creating a dynamic budget is the most interesting here. Of course, reviewing your budget on a regular basis instead of setting it aside and forgetting about it is a no-brainer. But the idea of creating a budget that can be adjusted month to month or even week to week as your business and the market change has obvious benefits. Thanks for sharing this with the BizSugar community.

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Written by ShawnHessinger
4265 days ago

Hi Ti,

I definitely agree. So often in small business it is not about what you have but about having what you need. When you consider the necessities and cutting out what's not important for your success, it becomes easy to make decisions about maximizing efficiency and stops being about making painful cuts. Thanks so much for commenting on the post and in the BizSugar community.

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Written by tiroberts
4265 days ago

It’s important to frequently evaluate your operating costs and make cuts where necessary. I’ve found that I only need a few core things to run a successful online business. All the other bells and whistles aren’t necessary.

Ti

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