Even if your small business is holding its own, there are steps you should take to keep costs under control. Deb Shinder outlines 10 practical ways to reduce your company’s expenses.Whether your business is doing well or taking a hit on the revenue side, just about everyone is seeing their costs of doing business go up. Even small and midsize companies whose sales and income have increased are being forced to tighten their budgets to deal with soaring expenses due to fuel and energy prices, higher taxes, and other outlays over which they have little or no control.Luckily, there are other areas where you may be paying more than you have to, so you can cut your costs to keep your organization’s financial status on an even keel. Many of these changes don’t require a big sacrifice — and you might find yourself getting more while paying less.Earlier this year, I addressed how IT departments can cut costs in 10 Ways to Trim your IT budget. But many small companies don’t even have an official IT department. If that’s the case, you can still benefit from the advice in that article — but we’re going to show you how to… Read full this story
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