If you run your own small business, you know that every dollar saved in your business is a dollar in your pocket. Here are six ways you can cut costs that will increase your profit margin.
I owned a children's consignment store in Alberta for four years, and before that, worked part-time as a freelance writer around my full-time career. When I freelanced, balancing my books was as simple as having a few columns in a spreadsheet—I’d enter in my expenses and income. A simple calculation gave me a running total of how much profit I had made at any given time.
