{"id":659,"date":"2020-04-15T10:13:00","date_gmt":"2020-04-15T10:13:00","guid":{"rendered":"https:\/\/www.carbar.com.au\/blog\/?p=659"},"modified":"2023-12-05T11:28:15","modified_gmt":"2023-12-05T00:28:15","slug":"3-tips-to-trim-your-business-expenses-in-2020","status":"publish","type":"post","link":"https:\/\/www.carbar.com.au\/blog\/3-tips-to-trim-your-business-expenses-in-2020","title":{"rendered":"3 Tips to Trim Your Business Expenses in 2020"},"content":{"rendered":"\n

Launching and owning a business is an exciting endeavour, however it takes an immense amount of preparation and strategy to ensure that at the end of the day, your company is still profitable. Surviving the first year may be easy, with roughly 80% of small businesses staying afloat according to the Small Business Administration<\/a>. However, that number drops to under half after surpassing the five-year mark which begs the question, how do you stay competitive in a dynamic landscape of rivalrous markets?<\/p>\n\n\n\n

When you get down to the nitty gritty, every penny counts and the only way to really keep your business running successfully is by making sure your expenses are outweighed by your return. While this equation may seem simple, it is where most business owners falter leading them down a rabbit hole that\u2019s often impossible to escape. Luckily, there are various implementations you can execute quite easily to ensure your company continues on a path of upward trajectory.  <\/p>\n\n\n\n

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