It’s nearly impossible to “do everything right” when you’re doing “everything.” Even if you’re ambitious, resourceful, tireless and clever, you are a mortal with limitations, strengths and weaknesses. You simply can’t be best at everything, not to mention you’ll never have enough time to do everything on your own.
Small business people are often big thinkers with plenty of drive and motivation yet not a lot of capital, staffing or support. Their broad vision and intense drive sometimes supersedes the reality of logistics and the fact that there must be some money to spend in order to make more. Inspiration and operations must coalesce for small businesses to establish roots and grow.
Got your 2010 budget squared away? If you’re still hashing numbers for next year and want to planning wisely, look to improve operational efficiencies. Ironically, the best “planning wisely” doesn’t always occur at the point of slicing-and-dicing or even trimming the excess from the budget. The best operational efficiencies may involve spending or redirecting funds to more productive, higher ROI expenditures.
How fast can your business enter a new market? Need employees, office space and fully functional operating system? Look first to the world of “
Now more than ever, small businesses must find ways to cut costs and run more efficiently. It’s wise to take cost-saving measures at any time, but during recession, it’s downright imperative. When things get tight, companies can’t settle for tip-of-the-iceberg savings; they’ve got to go below the surface to find more ways to spend less.
Look around your desk, and imagine price tags hanging off the items you see.