Tuesday, August 26, 2014

Impulse Buying 2.0

Smart financial management is a cornerstone of every successful business.  We want to make as much as possible while spending the least.  Many businesses are turning to cost saving strategies to compliment their other revenue streams.  First, always buy cheap.  Shop around and compare several competitors to find the best combination of quality, cost and other variables such as delivery time before opening up your wallet.  Second, only buy if you have to.  Just because it's on sale does not mean you need it.  You're not saving 25% on a new computer- you're paying 75% to replace a perfectly good computer.

Ask yourself...
  • Does your business really need this?
    • Or are you buying it because "it's a really good deal"?
  • Does 50% off really mean 50% off
    • Think Winn-Dixie BOGO
  • Is this a reputable company?
    • Or are they cheaper because they do subpar work?





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