If expenses seem to be getting out of hand and leaving less profit every month, it's time to see where you can cut costs.
.Negotiate with outsource services and check other companies if they won't budge
.Some of your office supplies and copy paper can be purchased at printers supply stores for wholesale prices.. check the yellow pages
.Call your phone service provider and ask for a lower price or change to another service provider.
.If you keep repairing the same office machines maybe it's time to buy or lease new equipment so you will save both time and money
.To increase cash flow wait until the last minute to pay bills unless you can get a discount for paying early
.Keep an eye on all expenses and know when and why your costs go up
Friday, October 1, 2010
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