After numerous bank closings and watching the Fed cut rates down to 2.0% the signs of a recession are getting stronger. The market is hitting a five year low while oil prices continue to rise as the US dollar falls. So, what are you doing to keep the “Open” sign in front of your business? As a student in economics and being the frugal person I am here are some ideas on how to help your business cut cost on numerous fronts. Please be in mind that you want to cut fixed cost as low as possible while limiting the usage on anything that is a variable cost. This tip alone should help you save a few bucks.

First Tip, cut the power usage in your business! How do you do this? Start by installing fluorescent light bulbs in all light fixtures. Another way to cut electricity is turning up the thermostat during the summer or having it automated to fluctuate during certain periods of the day. If you own your own building look into getting a soy roof or a green roof. This should help the longevity of your roof and help reflect the light during the summer which will help your building stay cooler. With this in mind look into getting an awning for your front windows to help reflect the sun off the front of your store to help save some cost. Lastly, shut off the lights in rooms that are not being used frequently. This was always drilled into every child’s head while growing up. (more…)

This week gas has hit an average of $4.00 a gallon for gas in the USA. As many people are surprised by this astonishing price tag many others have been preparing for this day years ago. I so happen to be one of these annoying people stating that gas would go up and people with an SUV would cry about it. Let me go over a few steps I took to analyze why this time would come and how you as an individual can approach rising energy prices.

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After getting a first hand experience of going to a conference while trying to maintain my business and my blog I noticed a few things to soften the blow. With technology moving at a face pace there are countless tools to help you get things done. My favorite was tethering my phone to my laptop. Today, I would like to cover the benefits of remote PC, bluetooth, and broadband wireless access. These to me are tools I can’t live without.

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From this time on this blog will give strictly money advice to the readers. This blog is for entrepreneurs, but entrepreneurs need to know how the market works and how to utilize money in different markets. Remember diversification is a key if you don’t want to get burned. We want you to succeed in the long run. This blog is not here for you to make quick cash. Please read the information thoroughly as it is written by a guest author who is well known for saving money in various markets. (more…)