At the end of last year, I reviewed my business expenses and made some major changes that ended up reducing costs by about 20%. Keeping an eye on your expenses can be the difference between your business surviving and thriving, or crashing and burning – regardless of the size of your company. Here are four principles I used to evaluate my costs and decide what to cut, change, or keep.
- Don’t pay for what you’re not using!
- How I used a creative workaround to cut a bill in half
- Evaluating each of your expenses vs. its ROI
- Looking for better, cheaper options (and when not to do so)