How to reduce business expenses

• Review all costs - suppliers, packaging, postage, software, every penny that goes out of the business ought to be reviewed and checked to ensure that you are:
  

  • getting value for money

  • getting the best price for the service / offering

  • that it is still needed in your business.

• Check your pricing:
  

  • are all costs factored into your pricing - including time costs

  • are these prices correct and up to date

  • are your margins right to cover your fixed costs

If the numbers aren't great - talk to your accountant and get advice and help before it's too late - a fresh set of eyes can often make a massive difference.