January 18, 2017 - 29 Ways To Increase Your Earnings In 2017: Reduce Expenses

Many people cannot lay hold on the goodness of God in their lives, businesses, companies, ministries and families because they didn’t realize that there are loop holes that are draining away what is coming in.

One of the attributes of God is that He isn’t a waster; he cherishes every individual, remnant. God wants you and I to be conscious of how we spend what comes in. Until you stop spending all your income, will you be counted as wise, only the foolish spends it all. While studying economics in college, we were taught reasons for saving money, which are pertinent till tomorrow.

What destroyed Titanic Ship wasn’t a big issue, it was the ship been wrecked by hitting itself against an iceberg after it has almost narrowly escaped, this was what wrecked a whole ship that was built for years by experts.

Core Areas To Reduce Expenses

All of these expenses reduction is based on spending on identifying your purpose.

1.       Travels: As much as travels are important to business, ensure you don’t embark on unidentified and undefined travel. Travels without benefitting purpose.

2.       Telephone Bills: Like I have been saying, leverage on other companies or businesses shoulder to reduce your expenses. Maximize telecommunication bonuses, bulk sms, whatsapp and other medium to reach your customers timely.

3.       Fuelling: Categorize places you go to, including your staff, ensure you settle with means of getting there, and don’t just blow away your fuel at all time. Cut down your cost with wisdom.

4.       Clothing: Dressing well doesn’t mean to buy the whole textile in textiles store. Dressing well means, you should appear neat and presentable. Start from where you can visit, don’t be thrilled by brand, be concerned about appearing presentable.

5.       Feeding: Feed well, don’t become a glutton. Reduce expenses by buying in bulks, so as to reduce the cost of purchase. Buying in bits is wasting money without been enchanted. Make plans to what is a priority to you and how you will purchase them to become a benefit to you and Business Empire.

6.       Renovation: If you would permit me to tell you the truth, this is not the time to renovate what you can still use except the purpose has been establish, which is to attract more customers, thereby, increasing your earnings as your target of the year.

7.       Office Space Management: Your business activities can be executed without a whole mansion or duplex. Business is being run without covering as much space as you are covering, don’t wait for challenges to make you wise, become wise to avoid the challenges that has made many to become humble when such challenges came. 

 Dapo Olaleye, an Associate Pastor in Balance Gospel Ministries International Headquarters. He is the President of Business Xploit Group with Nine Subsidiaries through which lives are blessed around the globe. Chancellor of Business Xploit institute, Facilitator in School Of Discovery (Gospel Dominion Prayer Ministries), author of seven books (Unlocking Your Potentials To Profits, Uncommon Sense Guide To Making Money, Woman! You Are A Blessing Not A Burden, Ladies Of Dignity, More Than Money, A-Z Secrets Of Academic Excellence, Becoming An Academic High Flier and Generating God’s Ideas For Business, Ministry, Career (CD)). He is an alumnus of Daystar Leadership Academy and Daystar Business Academy and Student of Word Of Faith Bible Institute. He can be reached via: bizxploit@gmail.com, 08122927079.