EPISODE 132 : How to cut costs in your business

Unless you’re living under a rock .. you're probably working your butt off in your small business … trying to manage the ever-changing challenges outside of your control all the while costs are increasing and sales are getting harder than ever to make. But amidst this trying journey, there's one constant that can make or break your success: your cash flow.

Whether you're a seasoned entrepreneur or just starting out, you should know that keeping costs in check is a superpower. It's the secret sauce that allows you to weather storms, stay competitive, and thrive even in the most uncertain times.

The question is … have you got them in check? If not wanna learn how? Here are some ways you can start now … take a listen. A x

Key moments throughout the episode ...

• Important note about maintaining financial information [03:27]
• What is cost-cutting (really)? [05:07]
• Get rid of expenses that no longer serve any purpose [06:43]
• Locate trends on how and when you spend money to find cost-cutting opportunities [09:06]
• End of financial year sales and why these may be a trap [11:39]
• How your suppliers can help with cost-cutting [13:28]
• Review your loans and payment arrangements [16:04]

If you'd like to know more about cutting costs ... other episode that may be of interest to you include;

🎧 Episode 109 : 6 ways to pocket more profit

🎧 Episode 53 : Ways to save money at Tax time

If you'd like to join my email community for other financial tips and resources, www.amybajada.com.au/signup

And if cashflow is an issue, my Small Business Cashflow Course is coming back in July ..join the waitlist at www.amybajada.com.au/sbcc