Worth the Splurge – Justifiable Expenses for Small Business Owners
Costs are always an important consideration when spending on the things you need for your small business, but it’s a fine line: you want to avoid paying more than is necessary, but can’t always afford to skimp on quality. So, how do you decide which items and areas are worth bending your budget for? It boils down to understanding which of your expenditures have the biggest impact on overall business performance. Entrepreneur and CEO Craig Bloem offered a helpful rule of thumb for small business spending in an article for Inc. com. To Bloem, it’s worth paying more for things that make you and your employees more productive and enthusiastic, but better to save elsewhere unless the expenditure involves something that ‘touches the customer......
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