Tag: play

Starting your own business can be exciting, but it often comes with a rocky road ahead. Those rocks will cut into your wallet through several expenses. Miscalculating the daily costs of running a company can hurt you in the long run.

Although some fees are hard to miss, others can slip through the cracks. Those can cost you a ton of cash over time. Here are five hidden fees that may have slipped past your radar.

1. Too many accounts for the same program

Let’s say you need to use an expensive program that charges per user. If you have five login accounts but only three people need them, you’re paying for two subscriptions you don’t use. Take stock of the resources you pay for and analyze how many workers use them.

Maybe you’re paying for a team to use expensive accounting software, for example. But if only one person uses it, you should demote your subscription to a single-person plan.

This is an easy mistake, especially when you have a high turnover. One employee may have set up a paid account before leaving the company. Since they’re gone, you should delete their accounts. There’s no sense in paying for an account that’s no longer in use.

2. Using an expensive subscription when a cheaper one will do

It’s tempting to pay for the highest tier. Maybe you found cutting-edge accounting software with a ton of features. Unless you’re using all of those features, you’re probably paying for more than you need.

You can save money by ensuring you aren’t automatically signing up for a top-of-the-line subscription when you’d be fine down a tier or two. Sometimes, the cheapest subscription will serve all your needs — and put extra money in your pocket.

3. Tricky phone bills

Unexpected fees can pop up, making your phone bill hard to comprehend. There are many parts to understand, from calling plans and services to taxes, surcharges and miscellaneous fees.

That’s why we recommend auditing your phone service. It’s common for business leaders to buy phone service and cross it off their mental list forever. That’s not a good idea, though — the market changes, prices go up and you can overpay if you don’t check in now and then.

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You can’t keep track of everything on paper. Excel can play a significant role in your daily workload. Whether you’re a beginner or a pro user, there’s much to learn — like these five useful Excel tricks.

Want to become an Excel expert? It’s a good strategy for small business owners who want to grow this year. After all, you’ll generate tons of data. Speaking of which, here’s how to stop third parties from selling your data.

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Eight billion. That’s how many spam emails go out in the U.S. every single day. Komando staff (me included!) have received some real winners recently. Here’s a look at actual spam emails circulating right now. I want to keep you safe from junk like this, so read carefully!

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