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Small Biz Tip: Money Management: Take a Step Back and Readjust

Tips from June 30, 2009

The Small Business tips today will be about taking a step back and readjusting how you manage your business.

  1. If things are slow, change your look and feel about your business.  Keep your business updated with current times and trends to catch potential customers' eyes.
  2. Ask for feedback from customers about what can be done to update your business.  Loyal customers can give a great response as they are dedicated to your business.
  3. Recalculate your budget.  Some of the money you thought was a good idea to spend in one area may be better in another.  If needed, write up a modified budget and think about how you can save.
  4. Keep track of your office supplies.  Take inventory and cut back on your overstocked supplies and focus your money on purchasing the essential ones. ABC members have discounts on thousands of products at Staples. Go to for more information.

Daily Overview: Look at the big picture when analyzing your business.  Decide what is essential and what is not to eliminate wasteful and meaningless spending to have more money for your business.

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