What is the biggest drain of cash from your business? Usually most costs in small business are easy to anticipate such as rent, utility bills, payroll and insurance. But other expenses can quickly creep in, and revenue is always a bit of a soft target to hit. Some small business may struggle with late payments from big clients, or be experiencing a higher rate of staff turnover due to seasonal issues. It’s important to stay on top of these issues, so keep thinking of ways to stabilize your business and consider these steps for saving money in your small business.
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