2. Owning and operating your personal business
can be a difficult task, especially when multiple
people or other companies rely on your product
or service. Maintaining a positive net income is
the obvious goal, but how can you get there
during the slow periods? Consider the following
tried and tested techniques to help keep a
profitable business in the black, even when you
hit a dry spell.
Staying in the Black
3. Your Workspace
Where you work makes a
huge impact on the
potential income you will
take in every month. High
rental costs, location, and
utilities all add up when
it comes time to pay the
bills. Moving to a smaller
office in a better location
may be the perfect
solution if you find too
much of your profits are
being eaten away.
4. Marketing
Marketing can be
exceptionally expensive,
especially if you are
utilizing every potential
source. Television and
radio spots can cost big
bucks, but how can you
run a business without
getting your name out
there? Seek out
alternatives, such as
cheaper internet options,
to help keep costs low.
5. Services
Being a business means
relying on several other
services to help get your
job done. However, are
you overpaying for the
services you receive?
Shipping expenses are
one example where many
companies over pay. Easy
solutions include using
the right software to help
track and keep control of
shipping costs.
6. The most important factor of keeping a
company afloat is knowing when to make the
right choices. Being the CEO or manager of a
business means taking the time, effort, and
energy to investigate where your money is
going at all times. Only through maintaining an
intimate understanding of your funding will
you be able to succeed. Thankfully, the internet
age offers a long list of tools to help make this
easier than ever before.
Take Control of your Business