How to Grow Your Business on a Budget

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http://www.focusincgroup.com/grow-business-budget/

Cutting costs should never be a reason to delay extending that new office wing or increasing man power. Tight financial arrangements only imply that businessmen must make wiser financial decisions.

Published in: Business
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How to Grow Your Business on a Budget

  1. 1. HOW TO GROW YOUR BUSINESS ON A BUDGET
  2. 2. EVERY BUSINESS OWNER AIMS TO GROW THEIR BUSINESS AT LEAST 5% ANNUALLY
  3. 3. BUT WITH THE CURRENT ECONOMIC CRISIS
  4. 4. Is it possible?
  5. 5. YES !
  6. 6. 1 FIRST STOP, FINANCIAL PLANNING.
  7. 7. OF COURSE, SPENDING MONEY IS EASY BUT PUTTING IT IN THE RIGHT PLACE IS ALWAYS A CHALLENGE.
  8. 8. IT’S VITAL TO CREATE A STRATEGIC PLAN THAT SHOWS YOUR PRIORITIES AND BUDGET FOR EACH POINT.
  9. 9. THIS PLAN WILL THEN BE THE FOUNDATION FOR YOUR BUSINESS’ EXPANSION.
  10. 10. 2 CUT COSTS
  11. 11. THROUGH SIMPLY FOLLOWING THE PLAN MADE IN STEP 1 AND ALSO, FINDING CHEAPER ALTERNATIVES
  12. 12. …NOT ONLY ON RAW MATERIALS, GOODS AND OTHER MATERIAL OBJECTS BUT ALSO ON YOUR
  13. 13. Through utilizing VIRTUAL ASSISTANT SERVICES outsourced virtual assistants demand for minimum rates; making it at least 50% cheaper than hiring in house.
  14. 14. 3 REVIEW YOUR FINANCIAL TRACKERS
  15. 15. MONITOR WHICH POINTS POSITIVE REFLECT AND NEGATIVE OUTCOMES TO YOUR FINANCES.
  16. 16. See? GROWTH IN BUSINESS IS POSSIBLE AS LONG AS YOU MAXIMIZE WHATEVER BUDGET YOU HAVE WHILE KEEPING INTO THE COMPANY’S GOALS.

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