New entrepreneurs must develop an effective business plan in order to manage their costs and achieve their goals. Companies must employ different tactics to control their business expenses effectively. Here are some of the tips which businesses can apply to manage their expenses. They are: 1. Technology Can Simplify Things. 2. Maximize Productivity to Gain an Edge. 3. Delegate Tasks to Cheaper Locations. To know more about these tactics, follow: http://www.smallbusinessbc.ca/growing-a-business/how-businesses-can-better-manage-their-costs