A graphic with a lightbulb icon, with OEC logo inside it, and the text "Tip of the Week" advises businessesMost new businesses overspend before they earn a penny. Before you buy anything, ask one question: How will this purchase make money back? If you can’t answer simply, don’t buy it yet.
Here’s a start-up tip we see every week at OEC: new businesses often overspend before their first sale.
Before buying anything, ask: how will this make money back?
If you can’t explain it in one sentence, it’s not time yet.
#OECTipoftheWeek