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​Smart Strategies for Business Growth and Cost Reduction

7/28/2025

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How to Scale Efficiently Without Breaking the Bank
Every business owner wants to grow—but growth without control can lead to bloated expenses and operational chaos. The key is to scale smart: increase revenue while intentionally reducing or managing costs. Here’s how to strike that balance and set your business up for sustainable success.

1. Optimize Before You Expand
Before chasing growth, take a hard look at your current operations. Are there inefficiencies? Are you getting the most from your team, systems, and space?
Action Steps:
  • Conduct a workflow audit: Where are time and resources being wasted?
  • Automate repetitive tasks with affordable tech tools.
  • Cross-train employees to increase flexibility and coverage.

2. Know Your Numbers
You can’t cut what you don’t track. Review financial statements monthly and look beyond the top line.
Focus on:
  • Gross margins: Can you renegotiate supplier contracts?
  • Operating expenses: Are subscriptions, software, or services still needed?
  • Customer acquisition costs vs. lifetime value: Are your marketing dollars well spent?

3. Focus on Core Offerings
It’s tempting to do it all—but not everything contributes equally to your bottom line.
Trim the fat:
  • Identify your most profitable products/services.
  • Pause or eliminate low-margin offerings that drain resources.
  • Double down on what you do best.

4. Embrace Strategic Partnerships
Instead of hiring more, consider teaming up.
Ideas:
  • Partner with complementary businesses for cross-promotion.
  • Outsource specialized tasks like IT, HR, or marketing.
  • Use freelancers or fractional executives to fill talent gaps temporarily.

5. Invest Where It Matters
Cutting costs doesn’t mean cutting corners. Some investments save money long-term.
Examples:
  • Energy-efficient equipment.
  • Training that increases productivity.
  • CRM systems that streamline sales follow-ups.

6. Sell Smarter, Not Harder
Growth often comes from better sales systems—not just more selling.
Try this:
  • Improve your follow-up process to close more leads.
  • Upsell and cross-sell to existing customers.
  • Gather testimonials and case studies to boost credibility.

7. Review Vendors and Subscriptions
Small recurring expenses add up fast. A quick vendor audit can reveal easy savings.
Tips:
  • Negotiate lower rates or switch to annual plans.
  • Eliminate overlapping tools and software.
  • Consolidate purchases with fewer, more cost-effective suppliers.

8. Leverage Data to Drive Decisions
Gut feelings are fine—but data drives results.
Track:
  • Website traffic and conversion rates.
  • Email open/click rates.
  • Sales funnel drop-off points.
Knowing what’s working lets you double down—while cutting what’s not.

Final Thought: Growth Doesn’t Require Excess
​
Smart businesses grow by being lean, focused, and intentional. The right strategies can help you increase revenue and reduce waste—without sacrificing quality or burning out your team.

Read more at the Daily herald: https://www.dailyherald.com/20250726/business/better-business-bureau-offers-smart-strategies-for-business-growth-and-cost-reduction/
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Return to Office: What Small Business Owners Should Know

7/21/2025

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Major companies like Amazon, JPMorgan, and Meta are making headlines for bringing employees back to the office. While their moves grab attention, the real question is: what should small business owners take from all this?

Even if you don’t have thousands of employees, the shift back to in-person work is worth paying attention to.

Here’s what to consider:

🗣️ Start with a Conversation
You don’t need a corporate memo—just ask. A quick team survey or check-in can reveal what’s working and where people feel most productive. Don’t assume everyone wants the same thing.

🎯 Make Office Time Worth It
If you're encouraging in-person work, make it meaningful. Use the time for collaboration, creativity, and connection—not just solo tasks people can do at home.

📅 Hybrid Still Has Momentum
A structured hybrid schedule—such as 1-2 anchor days per week—offers the balance many employees crave. It provides flexibility while maintaining team cohesion.

🏆 Culture Beats Policy
Small businesses have an advantage: you can be nimble. Focus less on enforcing rules and more on creating a workplace culture people want to be part of—wherever that happens.

Bottom Line:
You don’t have to follow the big companies’ lead. You just need to lead with clarity, purpose, and the flexibility that makes small businesses special.

Matching Ideas with Resources:
Cathy Jama 
Owner/Managing Broker 
C: 630.881.6260
E: [email protected]
Calendar: Let's set up a time to talk
 www.cjcres.com
Barbara Ellis-Racic
CRES - Corporate Real Estate Solutions
Chicago, IL.
Office: 312.444.9009  Cell: 312.953.7924
www.crescorp.com 
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Every Business Should Join Their Local Chamber of Commerce

7/14/2025

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In today’s fast-paced and ever-evolving business environment, small and mid-sized businesses are constantly seeking ways to grow, connect, and stay competitive. One of the most underutilized yet powerful tools available to business owners is right in their backyard: the local Chamber of Commerce.
If you’ve ever asked, “What does the Chamber actually do for me?” — it’s time to take a closer look. Becoming a Chamber member is more than just paying dues — it’s about opening doors to opportunity.

1. Visibility and Credibility
Membership in the Chamber sends a clear message: you’re invested in your community. Studies show consumers are more likely to do business with a company that is a Chamber member because it signals legitimacy and trustworthiness. Plus, Chambers often feature members in directories, newsletters, social media, ribbon cuttings, and press releases — giving you free or low-cost exposure.

2. Networking Opportunities
Whether you’re looking for clients, collaborators, mentors, or referral partners, the Chamber is the hub of business networking. With regular events such as luncheons, mixers, expos, and committees, you’ll meet fellow business owners and decision-makers who can help you grow your reach.

💡 Pro tip: Don’t just join — get involved. The more you show up, the more your business gets noticed.

3. Advocacy and Representation
Chambers advocate for the local business community with city, state, and even federal policymakers. Whether it’s zoning changes, tax reform, or economic development incentives, your Chamber has a seat at the table — and gives your business a voice in decisions that affect the local economy.

4. Resources and Education
Many Chambers offer workshops, seminars, and business tools to help members navigate challenges and take advantage of new opportunities. From marketing trends and workforce development to cybersecurity and funding options, the Chamber is a great place to learn and grow.

5. Community Involvement
Being active in your Chamber connects you to nonprofits, schools, local government, and civic initiatives. It’s not just about business — it’s about being a leader in your community. That kind of visibility builds relationships and goodwill that can’t be bought with ad dollars.

6. Referrals and Recommendations
Chambers frequently refer their members to people looking for trusted services. If someone contacts the Chamber asking for a reputable accountant, caterer, or marketing firm, they’ll refer a member first. It’s a built-in source of referrals and warm leads.

Final Thoughts
​
Joining your local Chamber of Commerce is one of the smartest and most cost-effective investments you can make for your business. It’s not a magic bullet, but it is a platform — and those who use it wisely often see real results in visibility, connections, and business growth.
So if you haven’t joined your Chamber yet — or you’re a member who hasn’t been active — now is the time to step in and show up. Your next opportunity might be just one Chamber event away.
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Enjoying the Holiday!

7/7/2025

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    GLM's Blog

    In true blog fashion, the last parts are at the top of the page. Scroll all the way down and work your way back up to read them in order. 

    Tom Gosche

    Tom is the Business Development Manager for GLM. If you are interested in learning more about GLM's services, contact him:

    630-675-8971
    [email protected]
    View my profile on LinkedIn

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GLM, Inc.
 
300 N. Martingale Rd., Suite 750
Schaumburg, IL 60173-2097
 
Phone: (847) 884-1781
Fax: (847) 884-1830
E-mail: [email protected]
Website: www.goglm.com 

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