All businesses should review their expenses periodically. Prudent expense management helps ensure that valuable cash resources are used wisely. No matter what the circumstances, here are some Best Practices for reviewing and managing expenses.
The new year is a great time to review your business and consider how to improve efficiency. Automation can help to standardise procedure, make processes cheaper and faster, improve reporting and help you focus on more productive activities.
How to finance growth will depend on several factors, including the company structure, how you will use the funds, the stage of growth, and your industry. Also influential will be your long-term goals. What business do you want to build exactly?