Author: Barry Venter

Saving money is just as important for small and medium enterprises (SMEs) as it is for consumers. An SME that can bank some savings each month can build a buffer against uncertainty, create a war-chest to fund growth plans and ultimately avoid the need to borrow money at a time of rising interest rates. Yet in a high-inflation, low-growth environment, it can be challenging to find some money to set aside for a rainy day. One way to save some cash in the business is to reduce operational costs. Here are a few ways that your business might be able…