A diminishing financial account is not enough to keep a business afloat. We’re releasing the most crucial money ideas every small business leader should know to help you set your company on the right financial foot.

• Focus on your needs not wants.

Who wouldn’t desire a large staff and a corner office in the hippest coworking place in town? Good things come to those who wait, but in the meantime, focus on your necessities rather than your wants.

• Skip the glitz

Block off some time in your calendar, turn on your out-of-office response, and get to work. So what are you supposed to look for? While Clarke says nothing is off-limits, he recommends keeping a close eye on subscriptions and other small, reoccurring charges that may cost you more than they’re actually worth to your business. “If something isn’t working and you don’t need it, just get rid of it,” he says.

• Work with the *right* freelancers.

Before hiring the first freelancer you come across, conduct some research and reach out to a few individuals to identify the best fit for your company’s needs.”

Just like everyone else, do your homework before hiring a freelancer, we recommend. Read their profile very well. Do they specialize in the services you require? Are their prices within your budget? Are there any more initiatives in the works for them? Take a look at their work. Is it in line with your brand’s image or tone of voice? Although creatives are adaptable, the majority of them have a distinct style that they stick to throughout their careers.

• Make a Plan

Yes, it’s okay to splurge on some things – especially services that can evaluate your company’s worth, unearth its flaws, and build the foundation for lasting success.”