how to grow your business on a budget

Post on 30-Nov-2014

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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.

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HOW TO GROW YOUR BUSINESS ON A BUDGET

EVERY BUSINESS OWNER AIMS TO GROW THEIR BUSINESS AT LEAST 5% ANNUALLY

BUT WITH THE CURRENT ECONOMIC CRISIS

Is it possible?

YES !

1 FIRST STOP, FINANCIAL PLANNING.

OF COURSE, SPENDING MONEY IS EASY BUT

PUTTING IT IN THE RIGHT PLACE IS

ALWAYS A CHALLENGE.

IT’S VITAL TO CREATE A STRATEGIC PLAN THAT SHOWS YOUR PRIORITIES AND BUDGET FOR EACH POINT.

THIS PLAN WILL THEN BE THE FOUNDATION

FOR YOUR BUSINESS’

EXPANSION.

2

CUT COSTS

THROUGH SIMPLY FOLLOWING THE PLAN

MADE IN STEP 1 AND ALSO,

FINDING CHEAPER ALTERNATIVES

BUT ALSO ON YOUR

…NOT ONLY ON RAW MATERIALS, GOODS AND OTHER MATERIAL OBJECTS

Through utilizing VIRTUAL ASSISTANT SERVICES outsourced

virtual assistants demand for minimum rates; making it at

least 50% cheaper than hiring in house.

3

REVIEW YOUR FINANCIAL TRACKERS

MONITOR WHICH POINTS

REFLECT POSITIVE AND

NEGATIVE OUTCOMES TO YOUR FINANCES.

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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