By | August 18, 2010

Four Ways Stamping Business Owners Can SAVE Money!

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Many stamping business owners feel like they're spending too much money.  And the fact is…most do.

  

The good news is there are many things you can do for yourself and your business that will actually SAVE you money.  Here are just a few: 

1. Keep Track of Your Expenses

When I ask stamping business owners how much they spent last month, the vast majority of them tell me they don't know.  If you start keeping track of your expenses, you're going to be a much more efficient spender.  Keeping track allows you to see where you may be spending too much, and adjust accordingly.

2. Ask Yourself Why?

Many times, we buy with our heart…not our head.  Try this:  Whenever you're about to buy something, ask yourself "Is this purchase going toward the growth of my business?"  If the answer is no, you may want to rethink it.  Even if you still buy, however, just asking the question is more responsible.

3. Set Limits

You only have so much money.  Budgeting can be tough, but its a great, effective way to keep more money in your pocket.

4. Think Like A Business Owner

If you owned a retail store, you would never buy something that wouldn't sell.  Apply the same principles to your stamping business.  Whenever you're about to buy a stamp set, ask yourself "Can I sell 5 of these?"  If the answer is yes, you can make a profit on your purchase.  If it's no, then it's a loss.

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