Our team at Novo is back with our second installment of our quarterly series, “Big Banks Make Big Small Business Profits.” We analyzed Q1 2023 earnings from Bank of America, JP Morgan Chase, and Wells Fargo to see just how much money they’re making from small businesses.
Operating costs and business expenses are the costs related to running your business, such as rent, utilities, raw materials, marketing, and salaries. In this article, you'll learn how you can reduce operating costs and business expenses so you can increase profits.
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Novo is a financial technology company, not a bank. Banking services are provided by Middlesex Federal Savings, F.A.; Member FDIC.