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Small Businesses Turn to Virtual Office Addresses and Rented Meeting Rooms to Reduce Costs
One of the biggest challenges small businesses face today is controlling costs. A sizable portion of their expenditures go toward renting and maintaining office space. In fact, research shows they spend nearly 10 percent of their revenue on office space. Only employee wages and inventories rank higher.
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How Small Businesses Can Turn a “Penny Spent” into “Pounds Saved”
All of us have heard the saying, “Money doesn’t grow on trees.” Our parents probably recited it to us innumerable times when we were growing up, and now we tell the same thing to our kids.
Small businesses certainly know the implications of this wise-old saying. Indeed, lack of capital is one of the foremost reasons small businesses struggle to grow. Strategies to cut costs is top of mind for many small business leaders. A quick Google search on the top yields countless articles and blog posts on ways small businesses can reduce their expenses.
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