Small business owners especially starters finds it hard to survive in a highly competitive climate. Here are some tips to guide them to succeed. Budget your spending. There is a need to know how much money is needed to break even and how much to spend to run the business on a day to day basis. Separate your income into categories: -prospective income -fixed expenses -variable expenses -pay cheque allowance Identify what is a necessary expense as what you want. Wants are limitless. Don’t spend, Invest. Items that will give you long-term benefits will be a priority in spending hard-earned money. Always balance the cost against the benefits. See also that your expense will help in increasing the business or […]
