If you ask a small business what’s one of the most difficult operational tasks needed to be dealt with, staying on budget with monthly expenses will likely be a top contender, especially in these challenging economic times. And chances are your business faces the same obstacle every month.
It seems every time you turn around, there is another expense, a delay in payment, or some other circumstance that has a negative effect on your cash flow. So instead of putting a little something away for an even rainier day, you find yourself sweating it out until it’s time to flip to the next page of the monthly calendar for a fresh influx of cash.
If you want to make the money and the month line up better, you may need to rethink some of your business assumptions – including what constitutes a must-have expense. Following are a few ideas that can help improve your overall cash flow. >>Continue reading Creative Ways to Cut Monthly Business Costs