without it costing you a dime!
Joseph Demasi
A lot has been made of how to increase your income with a home based business. And this blog has been dedicated to that. What most of us miss is the bottom line of cash flow. Cash flow is king and if you can increase you cash flow that is the best scenario.
Take a look at your expenses, not just for your business, but for your personal expenses as well. The less you spend then the less you will need as far as income. In today’s trying economic times we should all be ‘trimming the fat’. Look hard at your expenses and see where you can trim. Eliminate all unnecessary bills and reduce what you can. This will ultimately increase your cash flow just by reducing expenses.
For example: let’s take a look at Car Insurance. Most people have had the same car insurance for years. This is one area that I was as guilty as the next person. Did you know that insurance costs vary widely between companies? So just because you think you are stuck with that premium no matter who you go with- you are not. It will pay for you to shop around.
It is a simple as putting in your zip code (US residents) and clicking on an offer. I used this service to save almost $600 on my insurance premium!
The best thing is it is completely FREE. Imagine if you can save $600 per year in Auto Insurance. You just increased your cash flow by $50 PER MONTH! That may not seem like a lot, but imagine comparing life insurance, health insurance, cable rates, cell phone sevice, etc.
The list is endless.
It is all about knowing what the best deals you can get on things- it is not all about price either. make sure you are not getting substandard service for the reduction in price.
Now go and redo your budget- make it a project ad see how much you can save by movng some things around. Remember, your business is important and it should be earned not taken for granted.
Have a Great Day!!!
