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Tips to reduce costs for small business owner
One of the keys to running a successful small business and home office is learning to control costs. Even smaller expenses add up quickly and reduce profits, leaving you with a business that does not move forward.
Many small business owners know that their money comes from, but not as clear on where it goes. This can have a significant impact on the cash flow business.
It is important to review your expenses regularly – every quarter if possible – so you can accurately manage your expenses and find out ways to save.
Parneros Demos, president of U.S. stores at Staples Inc., offers the following tips to save your business money.
* Buy last year’s model. Furniture, computers, PDA’s – there’s always something new. This also means there is always something old. If you wait until the end of the year and sales throughout the year, you can save on your office needs.
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