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Posted by on Dec 16, 2016 in Featured, Finance | 0 comments

4 Ways New SMBs Can Slash Costs While Staying Competitive

4 Ways New SMBs Can Slash Costs While Staying Competitive

Building a small business from the ground and up is a fulfilling endeavor – and a profitable one, too. Getting there, however, is a tough act to pull off. Did you know? 8 out of 10 startups fail within the first 18 months – an 80% failure rate! And in an analysis of 101 startup failures, #biztech company CBInsights found that “running out of cash” is the 2nd biggest reason why new businesses crash. Here at OnSMB.com, you can find a treasure trove of marketing posts that ultimately teach you how to grow revenue. But if a new SMB is to survive the competitive landscape, the business should not only make more money. It should also spend less than what it’s making. And in this post, we will look at how startups and small businesses can slash costs while staying competitive. Approach Recruitment With A Sales And Marketing Mindset Recruitment is identical to sales and marketing. With the former, you are selling your company as the ideal workplace for...

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