6 Money-Drainers of Small Businesses (and How to Overcome Them)

Is your business seeping cash for no reason? Some expenses are like a dripping faucet: you know it’s there, but it seems insignificant, so you let it go on too long. Others are more like a broken pipe underground, well-hidden but causing massive damage. Here are some places to check for financial leaks so you can stop your biggest money-drainers.

Leakage in your small business finances

Watch Your Staffing Costs

Staffing is a massive cost for most small businesses and a huge area of waste. Underperformers must be replaced quickly, because they prevent you from hiring excellent staff who could be moving your company forward. As your company grows and changes, your staffing needs will rapidly change.…

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