The Young Entrepreneur Council

1. Forget information products. This is an area not many people talk about because a lot of businesses make their money by selling these items. The problem is that too many entrepreneurs buy into e-books, courses, group coaching programs, etc. , but they don't spend any time implementing. Stop spending your money on information and instead, save it, or spend it on talent that will help catapult your business forward. - Erin Blaskie | CEO, Erin Blaskie, digital strategist

2. Shared gym memberships. I'm a huge believer that splurging on gym memberships saves on employee productivity big time. But don't buy individual memberships; instead, negotiate with a nearby gym to buy just a few memberships you can share with people on the team (as long as only one person per membership goes at once). They''ll typically be cool with that, and you'll potentially save a ton. - Derek Flanzraich | CEO and founder, Greatist

3. Audit your subscriptions. Look through your credit card statements for automatic rebills, and make sure all the services you're paying for are actually being used. In the past we've uncovered a mobile phone account that no one had used for six months, a website optimization service that was overbilling us, and a CRM that we had switched away from months prior. For services that you do use, contact and ask for discounts. - Matt Mickiewicz | co-founder, Flippa and 99designs

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