6 Ways New Business Owners Can Save Money When Starting Up

6 Ways New Business Owners Can Save Even More Money Starting UpIf you’re a brand new small business owner just bursting out of the starting block, how you decide to save money matters. Even if you’ve gotten off to a good start, and revenues are flowing in, every dollar you save goes directly to the bottom line. In order to maximize your savings, keep the following six tips in mind.

1) Score Free Office Supplies

If you typically pick up your office supplies from your local office supply retailer, understand that there are ways to score supplies for free. Enroll in the store’s rewards program and wait for 100% cash back sales. You buy the supplies at full price, then receive the amount you spent in the form of a rewards certificate, usually issued the following quarter. Common free items include printer paper, pens, notebooks, folders, staplers, and scissors.

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Guest Post: How to Shift Your Mindset from Cutting Costs to Generating Revenue

As small business owners become increasingly uneasy about the removal of tax breaks, increased taxes and potential new costs for employee health care benefits, there are a plethora of articles cropping up everywhere on how to tighten the belt on the budget. Cutting costs on your insurance policies, voice and data plans, and credit card processing are always advised on the “to do” list and companies are often told to avoid cutting costs on customer service, marketing and employee perks.

These are all viable ideas, but they all miss the target.  Instead of only concentrating on reducing expenses, why not focus on what you can do to shift your mindset over to increasing revenue? Continue reading

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