No matter how much your company makes, you can’t grow if you fritter away your revenue. Small businesses, especially startups running lean, must make the most of every dollar.
Businesses don’t waste money the same way consumers do. While irresponsible consumers might eat out every night or drain their savings accounts, companies lose cash in a less obvious way — namely, by spending money on services they don’t realize they don’t need.
When investments don’t contribute to growth, business owners may as well set their money on fire. By analyzing your finances and adjusting your priorities, you can eliminate small wastes in your budget and use that money to boost your growth.
