The source of your income helps determine if you need more or less cash. If your income isn’t highly diversified—that is, if the majority of your income comes from one or two main clients—you’ll need to have more cash on hand.
All in Business Growth
4 Things to Consider Before Expanding Your Service Offerings
If you’re looking to grow your business, you might consider expanding your service offerings. Adding additional services is a good way to increase your profitability, diversify your income and expand your market. But there are important things to consider before adding to your income streams.
4 Money Saving Tips for Business Owners
As a business owner, it’s important that you know when to spend money and when to save it. If you’re looking for ways to save your money, consider alternatives to traditional marketing, review your subscription list, and explore whether it’s possible to cut back on office expenses. These money saving steps will boost your finances.