In this series, we’re discussing preparing for economic storms. We’ve discussed getting closer to your customers and hiring freezes, the third step you might consider is to trim expenses.
In 2009, the economy was crumbling. For those who adjusted and weathered the storm, I heard many tell me a similar story.
They discovered that during the good times they had taken their eyes off their expenses. They discovered that when they had plenty of money, they begun spending recklessly.
The prudent were able to trim operating expenses and significantly improve their bottom line.
1 Corinthians 4:2 teaches, “It is required of stewards that one be found trustworthy.”
As a good steward, compare your expenses to previous years. Trim expenses until you can get back to your most efficient years.
