Stay lean with your business.
Until your company is acquired, you should always think about cutting costs and looking for ways to save money. In a company there are ups, and there are downs. Downs are really hard. Prepare for them.
- Work out of your home for as long as possible.
It’s unnecessary to rent an expensive office.
- Move paperwork online.
No more printing, papers, or postage.
- Seek multiple bids on every major purchase.
Choose lower prices if the cheaper options still serve your needs.
- Reward and recognize employees for suggesting ways to save money.
Your coworkers might know their field better than you and be useful in this endeavor.
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