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Your business costs can increase by up to 10 to 20 percent per annum. For example, companies can expect the price of their favorite airline tickets to rise after an increase in oil prices. Your supplier can also decide to increase the cost of supplies by 5 to 10 percent. Increases in expenses can make it hard for small businesses to control their costs. Fortunately, the following tips can help a small business cut its costs and improve its bottom line.
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