When you start your own business, you spend a lot of time and effort setting it up: selecting your business and customer management software, utilities, legal actions, accounting, etc. Once you've finished, you'll likely feel a sense of completion.

While this is a great beginning, moving forward without an annual financial review can cost you more money than you realize. As your business grows and the situation changes, you may be paying for things services you no longer need-or more than you should-from specific vendors.

In these situations, it's time to make a change. While reviewing contracts and switching providers may seem like a hassle, it's often easier than you think and can reap great reward.