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How to manage a Business on a Small Budget | Love Tu Heal

Photo by Sora Shimazaki: https://www.pexels.com/photo/black-woman-carrying-pile-of-documents-in-office-5668873/





Running a business on a small budget can be very challenging, but it is possible with proper planning and good use of resources. It is important to create a budget and stick to it in order to ensure that you are operating within your means. Investigate all of the tools you will require to run your business regularly for the entire year, whether in person or online. As you do your research, write down and establish a list of the resources you will be utilizing, as well as the cost, so that you can compare the tools you want to utilize and what best suits you and your business budget. While you're at it, take the average of the free trials to evaluate which software system works best for you.


Additionally, look for ways to maximize the efficiency of your operations, such as utilizing digital tools and outsourcing tasks when necessary. You should consider investing in quality products and services, as well as outsourcing certain tasks to help keep costs low. You can find many on our shop with the section of vendor lists, and found in Purposeful Creating. And you will get many different business tools that have helped me along my journey, along with some I didn't use but got referred to. Finally, you should always be mindful of the latest trends and technologies that can help you save money and improve your bottom line. With the right strategies and an entrepreneurial spirit, you can run a successful business on a small budget.



Here are 14 S-T-E-P-S to use : 


  • Create short product videos
  • Create a campaign that gives back
  • Create helpful guides that address common issues your customers may face
  • Create a blog post highlighting a vendor, designer, or brand you carry 
  • Use social media to cross-promote a designer or brand you carry in your shop
  • Use social media header images to promote your products
  • Leveraging existing customer relationships further and collaborating on a specific promotion or product
  • Network with bloggers and pitch them a promotional idea
  • Host an in-person or online workshop
  • Send an email to personal contacts, friends, or family that may be interested in your shop
  • Send handwritten thank you to returning or first-time customers (they will appreciate it)
  • Offer a few 30-minute consultations for free
  • Connect with your local small business owners
  • Claim your business on many different business searching pages "Check out our list of businesses in our vendor list area"
  • Start an "as seen in" section on your website depending on the product


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