Entrepreneur Plus - Short White
For Subscribers

5 Ways to Be Generous While Still Being a Frugal Business OwnerYou can be charitable and considerate without breaking the bank.

ByJohn Rampton

Opinions expressed by Entrepreneur contributors are their own.

Businesses of all sizes can benefit fromcutting costs.But if they are not carefully considered, they can prove disastrous. After all, to grow, companies must increase sales, not cut costs. When essential business systems are denied capital in order to cut expenses, stagnant growth or negative cash flow can result.

与此同时,如果你不花ney on a critical business system, you might end up with unintended consequences. In reality, manyentrepreneursare being cheap when they think they're being frugal. The problem is that being cheap leads to problems, while being frugal leads to efficiency.

As a frugal business owner, you might wonder how to appear generous without spending a fortune. Remember, you've got to make sure your business isprofitable. It's still okay to be generous despite that.

This is a subscriber-only article. Join Entrepreneur+today for access

Related Topics

Travel

October Only! This CARSULE Pop-Up Car Cabin Is Just $299.97

The discount is good for a limited time (regularly $379), so act fast.

Starting a Business

Ask Co-Founder of Netflix Marc Randolph Anything: How to Watch

How to watch the new live streaming episode of 'Ask Marc.'

Living

Many Parents Make This Fatal Mistake When Praising Their Kids, Warns a Psychologist Who Studies Success

In 'Mindset: The New Psychology of Success,' psychologist Carol Dweck reveals the right way to recognize children's accomplishments for long-term success.

Growing a Business

CEOs Are Tricking Employees Into Spending More Time In The Office — But Here's Why They're Only Fooling Themselves.

Traditionalist CEOs seem to be turning up the heat to trick employees into spending more time in the office — but at what cost?

Business News

United Airlines Flight Attendants Claim They Were Taken Off an MLB Team Charter For Not Being 'White, Young, and Thin' in a New Lawsuit

Flight attendants Dawn Todd and Darby Quezada filed a lawsuit against United Airlines, claiming they were denied roles on a Dodgers charter flight due to their appearances not meeting specific racial and physical preferences.

Growing a Business

The CEO of Kitchen United Says This Is His Most Essential Business Tool

Kitchen United CEO Atul Sood discusses the power of relationships, communicating with authenticity, and sharing your struggles with others.