1. Get Organized

You need to be on top of accounting, invoices, payroll, purchase orders, important documents like your business license and EIN, and so much more.

2. Build Your Savings Account

How you manage your profits can make or break your ability to survive long-term as a small business.

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3. Become Familiar with Your Competition

Know exactly who your competition is and try to figure out where you can bring value your competitors can’t match.

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4. Create A Budget

Think about fixed expenses (rent, utilities, payroll, vendors) as well as variable and surprise expenses.

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5. Always Look for Opportunities to Diversify Your Revenue Streams

As a small business, don’t be afraid to try out new things

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6. Never Stop Marketing

You should constantly be marketing to some degree, whether that’s a newsletter to your best customers

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7. Invest Back into Your Business

After you’ve built sufficient savings, it is important to start investing in the growth of your business.

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