ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Save Your Business, Become a Miser

Updated on May 26, 2011

Step One To Saving Your Business

Times are hard and everyone is struggling, your on the verge of losing your business and searching for help. I'm in the same boat as you.

The first place to start is increasing your cash flow. Taking out loans and increasing your debt is not the answer.

Becoming a miser is:

1. Don't over purchase, buying in for a better price is nice, but does no good if you can't turn the merchandise in 3 weeks or less.

2.Only stock you best selling items, narrow out the dead/slow moving items.

3. Be in charge of your ordering, don't let the vendor spend your money.

4. Monitor your purchases for cost increases and adjust your inventory accordingly.

5. Analyze your customer traffic flow, put your labor hours where needed. Don't waste your payroll.

6. Hold off on paying your debts until the last possible minute, and talk with your creditors most will be happy to work with you.

Becoming a miser is not as hard as you think. Becoming a miser does not make you cheap or a scrooge. Becoming a miser in today's economy is a wise decision and may just be the thing to keep your struggling business alive.

A short story from my own Business: The cola company sales man comes in he lays out his pitch. "You can save thirty cents a case on 2-liters if you buy 50 cases." Now you may sell a lot or not but is it worth tying up $400.00 of your money to save $15.00. I would not think so. Now if the pitch was Buy 50 cases and save 3.00 a case for $150.00 you may want to consider this and run a promotion on 2-liter sodas.

Every Penny Saved Is a Penny Earned

It won't happen over night. You have to work at it!
It won't happen over night. You have to work at it!

Penny Pinching

 Success wont happen over night. But Steadily you should see is becoming easier to pay bills and make your purchases. Speaking of purchases, you should be buying from the least expensive source of quality merchandise. A good example is of my own experience this past Saturday I was able to go to Sam's club, there I purchased the tobacco products for my store. Of all the combined items I saved about 63.00 buying there verses my regular distributor. $63 may not sound like a lot but do that times 52 weeks in a year. Some weeks may even be a bigger savings some may be a little less.

Another suggestion, run a contest with your employees set a base amount/quantity, who ever sells the most over the target goal wins. What can you give them you ask? A day off with pay. You work their shift and there is no cost but your time and if don't right a nice sales increase.


    0 of 8192 characters used
    Post Comment

    No comments yet.


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)