Copyright: krisckam / 123RF Stock Photo Businesses of every size are challenged when it comes to keeping costs to a minimum. But by focusing so heavily on cost reduction, some companies are saving themselves to death — most commonly, small and medium sized businesses (SMBs). Emphasizing decreased budgets often leads companies to lose sight on long-term business goals, ultimately discouraging growth and even causing them to shut down. Home businesses and SMBs face increased pressure to remain profitable in today’s fast-paced and crowded market. According to the U.S. Bureau of Labor Statistics, only about half of all new establishments survive … Continue reading Spend to Collect – The Business Model for Small Businesses