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A business that's careful with its money has more to spend on expansion, salaries or bonuses.

Growing The Bottom Line

by Alice Bredin

(NAPSI)-Key to managing cash flow is seizing opportunities to save. Consider these tips:

• Review expenses regularly to ensure you're spending in the right places. This can also help you identify good deals for services or vendors.

• Consider outsourcing for specific tasks. Using experts on projects can improve turnaround time and overall quality, resulting in fewer, costly revisions and expensive project management headaches.

• Take advantage of discounts from trade groups, business associations and credit card companies. For example, OPEN: The Small Business Network from American Express offers automatic discounts when you use its charge or credit cards at Staples, FedEx, Kinko's and others.

• Encourage employees to look for savings opportunities.

• Find more free business advice at www.open.americanexpress.com.

Alice Bredin is a small business expert and successful entrepreneur who has spent more than a decade running BBI, a consulting company that helps large companies market to small business. She is also a well-known author and columnist on small business issues.

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