How I Saved 50% on my Business Cards
Running a startup isn’t that complicated when you look at the big picture. It’s all about positive cash-flow. This means having enough money coming in (revenues), to cover all the money going out (expenses). When starting out, money coming in is an enormous challenge, but limiting the money going out should be pretty simple if you’re a “tightwad” like myself. How do you become a “tightwad” for your own company? Follow these simple five steps.
- Do your own bookkeeping. It’s amazing how much you tighten the belt if you are entering each expense into your accounting software yourself.
- Every month look at every expense and ask yourself how you can eliminate or decrease it. Think about sharing resources, sub-letting, outsourcing, etc. (See our first business card below, two names, one card, half the cost)
- Give your monthly cash flow statement to your employees and see if they have any ideas on how to decrease or eliminate expenses. Getting everyone on the “tightwad” bandwagon can significantly cut expenses at any company.
- Every quarter, call all of your suppliers and ask for a better rate. If they don’t give it to you, go somewhere else. It’s amazing, every time I do this with AT&T they are able to magically find a few savings that they missed last quarter.
- Don’t spend money on stupid shit.
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