As your business grows and achieves revenue goals, it can become overwhelming if you don't manage things properly. Failure to effectively plan and control costs can lead to serious cash flow issues. Whether you are in a growth phase or maintaining your current state, it is crucial for new and established small businesses to manage expenses properly.
Five years ago, my business partners and I opened Creaux, a bar and restaurant in Lexington, Ky. Our business has been successful, but our industry, like most, is full of surprises that can’t be planned for. To offset that, we continually explore new ways to reduce business costs and keep track of unplanned expenses.
