{"id":10609,"date":"2014-03-06T16:00:00","date_gmt":"2014-03-06T16:00:00","guid":{"rendered":"https:\/\/grapevinemsp.com\/2014\/03\/06\/is-your-small-business-losing-money-3-tips-to-keep-in-mind\/"},"modified":"2014-03-06T16:00:00","modified_gmt":"2014-03-06T16:00:00","slug":"is-your-small-business-losing-money-3-tips-to-keep-in-mind","status":"publish","type":"post","link":"https:\/\/grapevinemsp.com\/is-your-small-business-losing-money-3-tips-to-keep-in-mind\/","title":{"rendered":"Is your Small Business Losing Money? 3 Tips to Keep in Mind"},"content":{"rendered":"<p><a href=\"https:\/\/sitesdev.net\/articles\/wp-content\/uploads\/2013\/02\/1018806_the_color_of_money.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignleft size-full wp-image-1235\" alt=\"1018806_the_color_of_money\" src=\"https:\/\/sitesdev.net\/articles\/wp-content\/uploads\/2013\/02\/1018806_the_color_of_money.jpg\" width=\"300\" height=\"225\" \/><\/a>It\u2019s always unfortunate when you realize you\u2019re spending or simply losing too much money. You\u2019re probably already starting to imagine all of the things that can happen if the trend continues. You could lose your business, your capital, even your own home. Of course, being a small business owner often feels even more overwhelming because it\u2019s not just your job you\u2019d be losing, it\u2019s your entire livelihood.<\/p>\n<p>While these tips may not save you from losing money, they are a good start to seeing what\u2019s really going on so you can stop the bleeding before it\u2019s too late.<\/p>\n<p><b>Have You Really Looked at your Resources?<\/b><\/p>\n<p>If you\u2019re saying to yourself, \u201cI\u2019m broke, and I can\u2019t afford to feed myself for lunch,\u201d then your finances should reflect that mentality. If you\u2019re just not hitting the margins you want to hit, or you have money tied up in other investments, or you still have a reasonable amount in savings, you\u2019re not done yet. Skip the metaphors. Describe your situation with just the numbers. How does your bank account really look? Be completely honest so you know what you\u2019re going to have to start skipping and what you can keep.<\/p>\n<p><b>How is Your Plan B?<\/b><\/p>\n<p>Everyone has a fallback, and you probably do, too. This is the thing where you say, \u201cwell, if I\u2019m really desperate, I can always do X.\u201d<\/p>\n<p>Our fallbacks aren\u2019t often ideal. They usually involve asking someone for money, whether it be a friend, relative, or bank. Sometimes it\u2019s even worse than that and we have to start borrowing from ourselves (our equity in our house, for example). However, if that\u2019s what will save your business, then that\u2019s what you\u2019ll have to do. If X is all you have to do to save your livelihood, then it may be time to consider actually doing it.<\/p>\n<p><b>What Would You Do if It Wasn\u2019t Your Small Business?<\/b><\/p>\n<p>Let\u2019s pretend you don\u2019t have a small business at all. You\u2019re back to the times before you had ever invested time and money into a small business. Imagine you\u2019re still losing the kind of money you are losing right now because someone sued you, or you were hit with a very large medical bill.<\/p>\n<p>You might not know exactly what you would do in this situation, but thinking of it this way may bring some new ideas or some creativity to the picture. It isn\u2019t about your \u201cpassion\u201d or your \u201cdream\u201d anymore; it\u2019s about downright survival. A business emergency isn\u2019t any different than a personal emergency, so treat it like one.<\/p>\n<p>There aren\u2019t any easy answers, and there aren\u2019t any easy ways out of this situation. However, with a little work, a lot of hustle, and possibly an expert opinion or two, you may see the turnaround you need.<\/p>\n<p><a href='https:\/\/sitesdev.net\/articles\/2014\/03\/06\/is-your-small-business-losing-money-3-tips-to-keep-in-mind\/' rel='nofollow'>Used with permission from Article Aggregator<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s always unfortunate when you realize you\u2019re spending or simply losing too much money. You\u2019re probably already starting to imagine all of the things that can happen if the trend continues. You could lose your business, your capital, even your own home. Of course, being a small business owner often feels even more overwhelming because [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v22.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is your Small Business Losing Money? 3 Tips to Keep in Mind<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/grapevinemsp.com\/is-your-small-business-losing-money-3-tips-to-keep-in-mind\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is your Small Business Losing Money? 3 Tips to Keep in Mind\" \/>\n<meta property=\"og:description\" content=\"It\u2019s always unfortunate when you realize you\u2019re spending or simply losing too much money. You\u2019re probably already starting to imagine all of the things that can happen if the trend continues. You could lose your business, your capital, even your own home. Of course, being a small business owner often feels even more overwhelming because [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/grapevinemsp.com\/is-your-small-business-losing-money-3-tips-to-keep-in-mind\/\" \/>\n<meta property=\"og:site_name\" content=\"The Valley\u2019s Leading IT Company I Grapevine MSP\" \/>\n<meta property=\"article:published_time\" content=\"2014-03-06T16:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sitesdev.net\/articles\/wp-content\/uploads\/2013\/02\/1018806_the_color_of_money.jpg\" \/>\n<meta name=\"author\" content=\"Cloudways\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cloudways\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":[\"Article\",\"BlogPosting\"],\"@id\":\"https:\/\/grapevinemsp.com\/is-your-small-business-losing-money-3-tips-to-keep-in-mind\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/grapevinemsp.com\/is-your-small-business-losing-money-3-tips-to-keep-in-mind\/\"},\"author\":{\"name\":\"Cloudways\",\"@id\":\"https:\/\/grapevinemsp.com\/#\/schema\/person\/bd59bb9722808d3e8b3339137e9e3828\"},\"headline\":\"Is your Small Business Losing Money? 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