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Running a small business means always looking for ways to do more with less. It’s difficult to keep the doors open for more than five years, and there always seems to be a lot of month left at the end of the money. That’s why it’s so vital to identify inefficient processes and procedures and find ways to improve them. But where should you start?
A few decades ago, we often wondered what life would be like in the future, and our imaginations ran wild. Many of us once thought we’d be able to teleport, or at least have flying cars by now. Sadly, we haven’t quite developed those technologies (yet), but we are definitely in the digital age. Today we use all sorts of technology at work and at home, and have the world at our fingertips.
One of the unfortunate issues most small business owners face from time to time is having too much month left at the end of the money. Surviving for longer than five years is a big challenge, and once you pay the fixed costs associated with running your office, such as rent, payroll, and utilities, there might not seem to be enough left over to make equipment upgrades. But it doesn’t make it any less inevitable, because if you don’t make those upgrades, and your competitors do, then you’re at a significant competitive disadvantage.
