From Debit to Credit
Turn the tables on business costs and look for creative ways to eke out a little revenue.
Small-business owners constantly seek ways to rein in expenses, but truly savvy entrepreneurs look for opportunities to turn those expenses into income.
Some examples are straightforward. By subletting unused office or warehouse space, for example, you can convert a rent bill into a check. Other opportunities require more legwork. Instead of paying a waste disposal company to haul away the boxes your suppliers send your way, what about selling them to an organization that needs boxes to ship products? It can get a discounted price from new, and you can add a few more dollars to your bottom line. (Recycling other materials can turn trash into treasure as well.)
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