This is a subscriber-only article. Join Entrepreneur+ today for access

Learn More

Already have an account?

Sign in
Entrepreneur Plus - Short White
For Subscribers

5 Ways to Be Generous While Still Being a Frugal Business Owner You can be charitable and considerate without breaking the bank.

By John Rampton

Opinions expressed by Entrepreneur contributors are their own.

Businesses of all sizes can benefit from cutting costs. But if they are not carefully considered, they can prove disastrous. After all, to grow, companies must increase sales, not cut costs. When essential business systems are denied capital in order to cut expenses, stagnant growth or negative cash flow can result.

At the same time, if you don't spend money on a critical business system, you might end up with unintended consequences. In reality, many entrepreneurs are being cheap when they think they're being frugal. The problem is that being cheap leads to problems, while being frugal leads to efficiency.

As a frugal business owner, you might wonder how to appear generous without spending a fortune. Remember, you've got to make sure your business is profitable. It's still okay to be generous despite that.

Editor's Pick

Related Topics


Publishing a Book? Dominate Bestseller Lists Like My Client Did With This Proven Strategy

We ditched traditional book marketing strategies for an innovative community-focused approach — resulting in my client's book becoming a bestseller on Amazon, Barnes & Noble, The Wall Street Journal and USA Today. Here's how you can replicate it.

Business News

The Shocking Claim You've Seen About Organized Shoplifting Isn't True. Here's Why Everyone Believed It.

Retail giants like Target and Walgreens have said the uptick in organized crime contributed to store closures.

Business News

SmileDirectClub Customers Speak Out After Company Ends Operations Without Warning

The telehealth orthodontics company filed for Chapter 11 bankruptcy in September.

Science & Technology

Save on Streaming with a $40 FreeCast Value Channels Subscription

Get access to streaming content for the whole family for just $40 a year.


How This Founder Unlocked the Secrets to a Perfect Pitch

K. Rocco Shields, founder of the AI-powered training platform Genius Academy, discusses her winning strategy for securing funding on "Entrepreneur Elevator Pitch."