Streamlining business processes can minimize the cost. It includes eliminating non-value adding tasks that you can do by yourself. Especially for online entrepreneurs who don’t have much bucks to spend on something unproductive, this infographic is for you.
- Don’t spend too much on advisers and mentors. Equip yourself with business knowledge through reading books and listening to free expos.
- Look for free consulting services. Especially the government, you can get some help at low or no cost at all.
- Swap excess products with others’ excess product. A barter is always deemed helpful for the business.
- Money is no longer the only method to motivate employees. Be innovative and creative to show your appreciation. This is cheap but well acknowledged.