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Nobody likes to waste money, least of all small-business owners. As the end of the year approaches, and as business owners take a long, hard look at their profits and expenditures over the past 12 months, it may be helpful to identify instances of undisciplined spending. Consider some of the most common and costly errors that impact companies. 1) Hiring more employees than you need.This first one can be tricky. You don’t want to overburden your current employees or stretch them too thin. Sometimes, hiring is the right way forward. But other times, it’s just not necessary. If your payroll sags under the
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