Cutting costs need not be a negative. When you are looking to create an agency that you love, you don’t want to be a slave to paying bills. Profitability doesn’t just come from growth. It can also be created by reviewing your current spending decisions.
I will share where we were and what we did to save significant amount of money to rebuild our agency.
- Break down your costs from 3 months bank statements
- Highlight essential costs
- Highlight costs that could be cut or removed
- Review products/services that have high costs associated with them
- Restructure your business model accordingly