2 Ways to Make More Money

There are two ways to make more money in business: Bring in more or spend less.   To bring in more, you need to raise sales, which you can do by bumping up prices and/or increasing the number of sales.   To spend less, you need to reduce your expenses.   Let’s work on the second half of the equation with a simple assignment.   Go back through your business check register for the last three months and circle every entry you could have reduced (through better negotiating or price shopping) or eliminated (with more aforethought or discrimination). Calculate the total of these savings.   Combine these two ways to make more money, and you’ll see a difference in your bottom line this year.