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4 Tips to Reduce Cost and Save Your Small Business in a Crisis

bauerjack259 on Finance - Decreased sales, lost clients, closed companies, declined consumer confidence, this unprecedented time has threatened businesses throughout the world, but small businesses can be particularly vulnerable. Coronavirus pandemic has moved from a health crisis to an economic crisis and many small businesses have altered their operations drastically.

Apart from small business financing or grants from the federal government, there are other ways for business owners to mitigate the financial impacts of COVID-19. Controlling business expenditure is a thoughtful strategy to keep your profits up, cash flow positive, and business afloat in hard times.

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