Running your own business can be very hard. Hard on your sleep habits, hard on your stress levels and above all, hard on your cash flow. If things go the way you plan, your company will continue to grow and so will the cost that comes with expansion. However, it is important to realize the best ways to save when it feels as though you are hemorrhaging money on a daily basis. There are several tactics you can take that can help you begin cutting back on spending and ensure that you are saving much more than you previously have. However, your spending is more about things you are already doing rather than things you have yet to do.
So what mistakes have you been making that may be keeping your company in the red?
1. You’re Reactive Not Proactive
Taking the approach that you will handle IT problems when they occur rather than trying to prevent IT problems from the get go is a major mistake. Yes, it may seem as though you are actually spending money with this tip and up front, yes you are. But the amount of money you will save in the long run by performing regular updates and software that is worth it’s weight in gold will save you a bundle in the end.
2. You Don’t Have an IT Team
Holy cow! Why don’t you have an IT team? Running a business without an IT professional at your disposal is not only a risk but it puts you behind your competitors and that is the last thing you want.
3. You Are Using A Local Backup
If living on the edge is your thing then bravo because using only one local data backup is risky business to say the least. Saving your data should be a three step process: Regular or automatic data backup, an external backup location and backup files every time a change is made to them. You won’t have to worry about losing important information ever again.