Small business owners are always on the lookout for ways to reduce business expenses, boost cash flows and improve their profitability. A quickest and easiest way to improve the earnings of a business is cutting costs in business. By implementing a cost-control system, a business will be able to identify the areas where its spending unnecessarily, reduce expenditure, and save. … Continue reading
Posts Categorized: Reducing Your Cost
How small businesses can cut cost
Small businesses are usually hard pressed for money. Cash is required not only to meet the daily expenses, but also to ride out tough economic times and compete with larger players. Money saved is money earned. We will look at some small businesses cost cutting strategies with which they can save money. Maintain an expenses journal – Don’t try to … Continue reading
Are you geared up for Black Friday and Cyber Monday 2014 sales
In the year 2013, Black Friday and Cyber Monday sales had increased by 15% and 18% respectively. This report was released by a trend tracking firm, ComScore. They also reported that there’s a probability of a greater increase in the after Thanksgiving sales in 2014. It’s the time of the year when you should get the most possible sales. Have … Continue reading
Why Should a Small Business Use SaaS?
The year 2013 will see many small businesses invest in SaaS (software as a service) to enhance business operations. Both established small business units and startups have seen the productivity of large-size companies multiply in the recent years because of big data and SaaS applications. Small businesses are aware that implementation of SaaS can help gather data from various social … Continue reading
10 Ways to Control Business Costs
Irrespective of the size of the business, every business is trying its best to cut costs to make ends meet in a recession struck economy. For any business wishing to improve its financial status and gain some sort of stable footing in the market, controlling cost is mandatory. If a firm does not get a hold of its hidden and … Continue reading
Implementing Effective Cost Cutting Measures Saves Good Money
Andrew Schrage, Founder and Editor of Money Crashers, launched his start-up SparkCharge Media – a conglomeration of financial websites including MoneyCrashers, in 2008. He started his business on a shoestring budget at the height of the recession. “With my business plan, I knew how much I had in savings that I was willing to allocate towards the business, and I … Continue reading
