3 MONEY-SAVING TIPS FOR SMALL-BUSINESS OWNERS
For small-business owners, every dime matters. You have likely put careful thought into every aspect of your business in an effort to maximize your profits and ensure it’s operating efficiently. When attempting to keep costs low in your business, it’s important to know the best ways to save money so your business can continue to prosper for years to come.
Here are three of the very best money-saving tips to ensure your small business is profitable year after year.
a strong way to create short-term profits, you need to protect it financially for the future. Set money aside in an emergency fund in case your business faces turmoil or you start to see losses. Having an emergency fund is a great backup plan in case business slows down. It will keep your business from running out of money. CREATE BUDGET BOUNDARIES. Your budget should ensure that your business stays profitable. During your first few years of business, you might think you need to go over budget to make it more profitable. But this is the quickest way to run out of money. Set boundaries pertaining to your budget so you don’t overspend. Otherwise, you’ll likely need to cut costs in the future to make up for it.
MAKE PLANS TO MEET YOUR GOALS. When starting your business, you probably had short- and long-term goals in mind. As you begin to face new and difficult challenges, keep those goals at the forefront when making decisions. Your goals should be specific and attainable, and you should also have a time frame in mind when setting them. You then need to put plans in place to ensure you meet your goals. Success does not occur overnight. You need to put the effort in while creating a foolproof plan if you want your business to succeed in today’s climate. UTILIZE AN EMERGENCY FUND. When your business first starts seeing success, you may think it’s time to invest more money in your business. While this is
BAKED CORNBREAD AND CHORIZO STUFFING
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Inspired by FoodNetwork.com
INGREDIENTS
• 1/4 cup
• 1 lb Mexican chorizo • 1 white onion, chopped • 1 carrot, chopped • 1 celery rib, chopped • 3 garlic cloves, chopped • 2 cups premade cornbread, crumbled
cilantro, chopped • 1/2 cup chicken stock • 1 tbsp unsalted butter, for greasing • Cilantro, for garnish • Cotija cheese, for garnish
DIRECTIONS
3. While stirring, slowly add the chicken stock. Stir until absorbed. 4. Butter a small casserole dish, then add the stuffing in an
1. Preheat your oven to 350 F. 2. In a large skillet over medium heat, cook the chorizo for 5 minutes. Add the onion, carrot, celery, and garlic. Cook for 10 additional minutes. Stir in the cornbread and cilantro.
even layer. Bake for 20 minutes, garnish as desired, and serve!
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