Be lean.

Is it time to evaluate your costs?

A business has two types of costs – fixed costs and variable costs. Fixed costs are like body fat. You have to bear the weight whether you make money or not. Instead of buying expensive, proprietary software, try working with free and open source software. Also, try getting a free online phone number forwarded to your cell phone, or try Skype meetings instead of travelling long distance. Maybe try even bartering for much-needed services with professionals (for example, help an accountant with their marketing material in exchange for a free tax return, etc.,). Be lean without diminishing customer satisfaction.

Read the full article at: https://www.waveapps.com/blog/5-financial-tips-for-small-business-owners/