We all have heard, and probably so very sagely said, the saying “you have to spend money to make money.” But what about saving money as well. I think that’s quite important as well, don’t you?

Where is your money going? Are you saving enough? Too much? What if all along you were focused on the wrong are of finances. Many business owners love to find ways of saving money, naturally. I have even had some that felt joy, though they were reluctant to open admit it, in letting someone go because they were now going to “save” on payroll. You can quietly admit this to yourself, go on. However, we’re about to change gears.

Taking your existing business; it’s physical space (or “virtual” space if you work remotely or on the road, like a realtor), what is the actual potential you are able to produce? How much COULD you really make in a given month. Take a moment to figure that out. Now look at how much you are making per month, on average. The difference between these two numbers is how much you are losing every month that you are not at capacity. With this simple exercise you will see that the money you fight to save on expenses here and there, payroll, marketing, etc., pales in comparison to the amount of money you could be making but you aren’t.

Now take that number for one month and multiply it by twelve to see what you are failing to make in a year. Whew. So now, work to figure out how to make your ROI, be willing to spend money to make it with marketing and personnel that are needed, hire an accounting (see my plug here) so you have time to focus on producing in your business, and so on.

To really put the icing on the cakes, let’s look at how pet fur, tattoos, and other ideas help with saving money: