11 Money-Saving Tips You May Not Have Considered for Your Business

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Cutting costs might mean adding smarter solutions.

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Pay your employees more, and when hiring new employees, target senior hires who love to both develop strategy and execute it. The best ROI comes from hiring exceptional senior employees who never leave and who deliver more value than small teams of more junior hires. “Talent is expensive, and worth every penny.” –

Transform your workspace into a “Barter Bazaar” once a month. Invite local businesses to exchange services, products or expertise. For instance, a marketing expert could offer consultation in exchange for web design. It’s networking, team-building and cost-saving rolled into one vibrant event! – Each year I do a search on the tools I use and find where I can save. For example, our newsletter sends at one company are 300-plus a month and at another company it’s under 100 with the same services! Same for our online events — we have changed three times, but have saved thousands. Plus, it is fun to see what new technology is out there. –

 

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