Question: What is one simple, low-cost way I can make my business operations (or products) more sustainable?
Question: What is one simple, low-cost way I can make my business operations (or products) more sustainable?
Question: What is one simple, low-cost way I can make my business operations (or products) more sustainable?
Stop Spending Money
"Take a couple days to go over every bill on the credit card. If a bill is not crucial to keeping your business alive, you should be able to get rid of it. I've shaved off thousands in spending each month by going through this process every year."
@johnrampton
Use Fundbox
"One of the hardest things for small businesses to do is meet short-term cash flow needs to stay afloat. It's hard to get a loan from a bank because many startups don't have the type of physical collateral needed, but still have the ability to repay. Enter Fundbox. It allows you to get short-term loans based on unpaid invoices in your accounting software."
@lawrencewatkins
Contract Your Supply Chain
"The answer to a more sustainable business model may lie within your supply chain. Look for opportunities to utilize local supply chain partners across the board, meaning manufacturing, warehousing, transportation, etc. You may be able to offset any potential unit cost increases by taking advantage of the proximity of your supply chain through decreased lead times and improved communication."
Use 71lbs
"71lbs is a great resource for getting automatic shipping refunds on UPS/FedEx shipments that arrived late. You simply give 71lbs your credentials, and it does all the work for you."
@joshaweiss
Reduce Costs and Save
"Always look to reduce costs and save. Keep reserves, and always assume there will be highs and lows in the sales cycle. Be prepared to carry yourself through the lows. Don’t over-order. This will always make you more sustainable."
@sambahreini
