How can your small business cut costs?
If you want your startup or small business to do well, finding out ways to reduce costs and save money is certainly part of the solution. Here are a few ways that you can cut costs or increase income:
Stop Paying for Basic Information
In today’s digital world, nearly everything that you need to know is accessible online. Now that we have ai in the form of GPT, Grok, Bard, Claude and multiple others it’s even easier. While that isn’t to say that you shouldn’t turn to a professional when you really need one – for example, an attorney may be very valuable when forming the business or navigating a legal issue – you should look for free online resources before paying for information. There are many free sources of information online and in books, and even groups that offer free info to small business owners.
Work with Independent Contractors (AKA Freelancers)
If you need high quality work that doesn’t cost an arm and a leg, working with independent contractors – or freelancers – is a great place to start. Freelancers (Upwork, Fiverr and so many more) care about delivering a great product because it is how they keep and retain clients, and they often offer very affordable services.
For Every Dollar You Earn
Save ten percent and before you know it you’ll have a nest egg to grow your idea or business even faster.
Find Ways to Cut Costs in the Office
Rather than buying notepads and paper, ask everyone to chip in by bringing in old or recycled paper (like the backs of open envelopes) from home. Utilize natural light for heat and lighting. Bring lunch from home rather than eating out. It’s the little things that make a difference.
Sheevaun Moran is a master business coach, advisor, and quantum energy thought leader. As the founder of Energetic Solutions, she has helped well over 25,000 entrepreneurs, CEOs, and leaders achieve clarity, purpose, and profits through a unique blend of business and energetic principles.
Remember, energy is what matter to help you thrive, success with more ease and flow and to eliminate the obstacles—let’s get it to shine today!
For more insights, tools, and resources to bring ease and grace to your life and business, connect with me. Let’s tidy up that energy container and tap into your true power!
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