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Five Tips on Conserving Capital

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Oct 28, 2008 13:50 EDT

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http://www.score.org/5_tips_fc_3.html

Score.Org

   1.       Determine your primary business of units sold, customers sold, average order, hours billed, etc. Know what drives your business.
   2.      Pricing should be determined by the sum of product costs, service costs, image of the business, direct and indirect costs and a reasonable profit.
   3.      Conserve capital. Do not commit cash or capital until necessary. Don't buy services before you need them.
   4.      Lease instead of buy when it makes sense.
   5.      Look for office equipment that can do double duty, for example a fax machine that can also make copies.

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Five Tips on Conserving Capital

Relevant Subject and Topic
Managing Money, Mission, Startup Financing, Debt versus Equity, Financing Sources, Planning and Budgeting, Investment & Growth Financing, Business Practices, Working on the Business not in the Business, Growing a Business, View more...

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Tip or Suggestion

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Document

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Score.Org

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Learners
Entrepreneurs

Age Appropriateness
Adult(19+)

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Adult General
Professional

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Language
English

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