how to grow your business on a budget
DESCRIPTION
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.TRANSCRIPT
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.