5. Spend Wisely and Frugally
It’s important to keep your expenses in check when growing your business, specifically when it comes to your variable costs. For example, you can cut the costs of your software by using cloud-based, open-source software instead of expensive, branded software. Channel your expenditure instead to areas that will help you grow your business. For example, if new equipment will improve your productivity and service levels, then invest wisely in new equipment.