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This Business Mistake is Quietly Costing You. Here's How to Catch and Fix It

The article from MSN Money discusses a common business mistake that many companies overlook, which is the mismanagement of subscription services. It highlights how businesses often subscribe to various software tools, cloud services, and other digital subscriptions for operational needs but fail to keep track of these subscriptions. Over time, this leads to paying for unused or underutilized services, resulting in significant financial drain. The article provides insights on how to identify these hidden costs by regularly auditing subscriptions, understanding contract terms, and setting up a system for monitoring usage and renewals. It suggests practical steps like centralizing subscription management, negotiating better terms, or cancelling unnecessary services to mitigate these costs, thereby improving the company's bottom line.

Read the Full Entrepreneur Article at:
[ https://www.msn.com/en-us/money/technology/this-business-mistake-is-quietly-costing-you-here-s-how-to-catch-and-fix-it/ar-AA1BDB0u ]