It is the motto of the entrepreneur:
“You’ve got to spend money to make money.”
But running a successful business is about more than reckless spending. You need to know where to invest your money, and how to spend it so that eventually you can make long-term financial gains.
Small purchasing doesn’t necessarily mean spending a small amount of money (though indeed it can). Often, small purchases are those things that you can permanently buy once, perhaps spending a larger amount of money, rather than repeatedly paying a smaller amount to hire or rent services.
This is the mark of a good business person; to evaluate their company and see where they could make financial investments to reduce their overall outlay further down the line. But what are some of the key small purchases you could make?