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Long-time, recurring contracts are essential to small business. They allow you to focus on the quality of your product and running your business. But it's exactly because you're not paying attention to your recurring contracts that you could be paying too much.
With online banking and bill pay options, it's easier than ever to pay your bills without reading the fine print and itemized charges. Here's what you might be missing:
One of the largest expenses for any small business covers multiple phone lines and Internet access. Landline, cell phones, voicemail, data, wireless ... it's enough to make anyone's head spin. With all those services, telecom bills are ripe for hidden and duplicative charges. Here are a few to avoid:
Your next biggest outlay probably has to do with your physical location: rent, utilities, waste management, security, etc. Here are some charges to keep an eye on:
Finally, keep in mind that all contracts are negotiable and not all contract provisions are enforceable. If you think you're wasting money through a recurring contract, or looking to get out of one, you might want to talk to an experienced contracts attorney.
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