Running A Business? Don’t Overspend On These 14 Common Expenses

Published by ForwardAI on January 25, 2022January 25, 2022

As a business owner, you’ll have a lot of expenses and investments to weigh as you grow your company. For instance, you’ll likely invest in certain technologies, services and processes that help your company progress. However, when you’re working with a limited budget, it’s important to weigh the pros and cons of each business expense.

Is a current process the most efficient, cost-effective way forward, or is there a better path to achieving the same result? Is that “state-of-the-art” equipment or technology an essential purchase, or is it just something that would be “nice to have”? Are you paying for a product or service that can really help your business grow, or are you just following a trend in the headlines?

To help you make these decisions, below, members of Forbes Finance Council talk about processes, services and products many business owners regularly spend too much money on, and what they could be doing instead. Read more on Forbes.com.