It seems like a far-fetched shot that a vendor may lower their said price, but you would be surprised to know what people can do to save a good business relationship in the long run. You can also request your bank to lower the fees and other charges
Getting new customers costs several times more money than retaining the existing ones. So instead of spending all your marketing budget on acquiring new customers this year. Use a specific part of it to maintain your current ones.
Events are an excellent means to extend your network and get more customers and suppliers, especially if you are into a B2B business. You can find sponsors for your events who would pay for the entire event for advertising their brand or products in the event.
Another way to save money in 2022 is to outsource your non-core activities to an outsourcing firm. It helps you reduce your cost and also improve your efficiency. Outsource functions like IT, accounting, and human resource management to firms with their core activities.
Even before the pandemic, one of the major problems many startups faced was payment defaulters. Delayed and unpaid invoices from your supplies can cause your cash flow to waver. Hiring credit management services can help you ensure no payment defaulters.