Cost Saving Strategies for Your Small Business
According to the Small Business Administration, about half of all new businesses fail within the first five years, and with the recent pandemic, small businesses are going under at an even higher rate. While many entrepreneurs focus on increasing sales to ensure their success, lowering expenses is equally or sometimes more important when trying to achieve or maintain profitability. Cutting business expenses requires some tough choices and trade-offs, but there are ways to do it without fundamentally changing your business model. This session will discuss strategies to trim overhead, streamline expenses, and ultimately increase profitability.
Fee: No Cost