1. BUDGET

Setting a budget is about becoming financially literate, an essential skill. The better you understand your business finances, the higher your chance of success.

2. INCREASE SALES

Look at your sales rate and adjust up if possible. Sometimes it does not take a lot, increasing membership, subscription, or sales rate by a fraction can make all the difference.

3. REDUCE LABOUR COSTS

Reduce payroll costs by outsourcing were possible like accounting, marketing, and VA services

4. GET BETTER DEALS

Negotiate better deals, with other vendors, you can also leverage your relationships with existing vendors.

5. EVALUATE FLOOR SPACE COSTS

Do you need the full floor space you are renting? If not consider moving to a smaller space, renegotiate your rent with your landlord, or sublease excess space to complementing businesses, creating a win for both