Smart Ways to Save Money

Keeping your small business in the black means minimizing expenses that might push you into the red. Here’s how you can do just that.

Manage your staff costs by using freelancers or temporary workers. In a list of 40 ways to save money, this is number 2. It also helps you avoid high staff salaries during slower times.

Consider bartering with other small businesses you know, or as entrepreneur.com suggests in their list of ways for small business to save, use the National Association of Trade Exchanges to trade with other members.

Finally, make sure you plan for taxes. This article about writing off technology assets and capital upgrades demonstrates the value of smart tax planning.

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IBERIABANK specializes in helping small businesses grow.