3 Cost-Cutting Mistakes To Avoid

08/28/2012 10:58 am ET | Updated Oct 28, 2012
  • Entrepreneur
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With the economic recovery sputtering along, it's easy to fall into the mindset that cheaper is always better. But even when budgets are tight, there's a right and a wrong way to save money.

Trim spending in the wrong places and you can end up hurting your business in the long run, says business strategist Carol Roth, a former investment banker and the best-selling author of The Entrepreneur Equation. Here are three of most common cost-cutter mistakes:

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