Lead Machine Pink 160x1200

Lead Machine green 160x1200

Lead Machine Pink 160x1200

Lead Machine green 160x1200

promote webinar 600x108 2

Thursday, 21 October 2021 11:44

Tips on overcoming financial pitfalls as a Business Owner

By Guest Writer

Guest Opinion: Spending vast swathes of your precious time painstakingly developing a budget just to have it undone by a single setback can be incredibly upsetting. As a business owner, taking care of finances and avoiding potential pitfalls is often simply a part of the day job.

Thankfully, this is a skill that can be taught and nurtured, so there is no need to panic by any means. If you felt like you could be doing more to navigate your way around hidden costs and sail your business to financial freedom, here are some important points to think about.

Recognizing Hidden Costs

When creating the perfect budget, allowing yourself some room and establishing a financial buffer can help you take a preemptive approach to deal with nasty hidden costs. Sometimes, this just means knowing what to watch out for in the first place.

One area that can be easy to overlook might be the physical costs of running and maintaining a business—for example, the price of your utilities.

If measures are not put in place to deal with this, you might be hit with a highly unwelcome bill at the end of the month. Utilizing a great online platform to compare business electricity prices is a good way to find the best deal for you in this particular area.

If you can stay vigilant and find ways to cut yourself the best deal at every possible turn, you are likely onto a winner.

Keep Your Nerve

Financial troubles can be extremely upsetting for a business owner, and unfortunately, they are fairly common. If you can keep your nerve and learn to manage stress, you might find you can take a more analytical, measured, and calculated approach to the situation.

This may not seem like much, but in the heat of the moment, your resolve and resilience could be what pilots your operation out of harm’s way.

Implement Early Warning Measures

Financial setbacks have a habit of accumulating rather rapidly, but by introducing early warning measures, you have a chance to tackle the problem when in its infancy.

This could mean you need to:

  • Return to the budget and reshuffle it on a fairly regular basis
  • Utilize data through reliable business analytics to make accurate predictions.
  • Seek out loans that are tailored to your needs.
  • Be honest with your team about the current situation. If everyone is on the same page, you can work to make meaningful changes as a team.

Reach New Customers

The more people you can reach with your marketing strategy, the more potential customers you can convince to buy your wares or services.

This does not always need to cost a great deal of money either, especially if you can master the art of content writing and optimize your website.

Social media is also a good platform for doing this, and it has the added bonus of being free!

The burden of financial pitfalls does not have to lie solely on your shoulders, so reaching out for help or a kind word of advice from your friends and fellow colleagues might make a world of difference should the time arise.

Please join our community here and become a VIP.

Subscribe to ITWIRE UPDATE Newsletter here
JOIN our iTWireTV our YouTube Community here


It's all about Webinars.

Marketing budgets are now focused on Webinars combined with Lead Generation.

If you wish to promote a Webinar we recommend at least a 3 to 4 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site itwire.com and prominent Newsletter promotion https://itwire.com/itwire-update.html and Promotional News & Editorial. Plus a video interview of the key speaker on iTWire TV https://www.youtube.com/c/iTWireTV/videos which will be used in Promotional Posts on the iTWire Home Page.

Now we are coming out of Lockdown iTWire will be focussed to assisting with your webinatrs and campaigns and assassistance via part payments and extended terms, a Webinar Business Booster Pack and other supportive programs. We can also create your adverts and written content plus coordinate your video interview.

We look forward to discussing your campaign goals with you. Please click the button below.



iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the iTWire.com site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.


Share News tips for the iTWire Journalists? Your tip will be anonymous




Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News