Handling money and making decisions on how to spend and save it can be one of the most expensive aspects of a startup business. Having started up numerous businesses, Due Co-Founder and CEO John Rampton had a lot of advice to provide The Next Web on how to slash those operating costs that a startup faces. He noted that plastic money was actually a very valuable tool for a startup to help manage cash flow while also getting some much-needed supplies to keep the business going. Price matching was another key strategy and, although it may seem like it takes much more time, it’s well worth it. Finally, don’t assume that expensive equates to high quality because there are many places where a more moderately priced item or service actually provides greater value over time. You can read the original article here.
There are many places within a small business where you can cut costs. Check out this blog post that gives you nine ways to reduce businesses expenses.