If you feel like you’re getting plenty of work but you’re not making enough profit, it might be time to cut back on your spending. This doesn’t necessarily mean spending less on the client; it means instead that you should cut down your overheads. There are plenty of ways to do this, so take a look at our top tips to making the most of your money.
Getting the Books Right
If the thought of doing your business taxes makes you come out in a rash, then think about the fact that you could save yourself some money by getting them right. Getting a tax adviser may seem like an expense, but if you’re unconfident doing your own taxes, then you have the potential to save a lot of money through their help.
Reduce Your Bills
Saving money on regular outgoings such as your office space, bills such as electricity and gas, and office supplies could make a big difference. Skyline Offices offers a range of offices that could help you to save money on your rent. They come with furniture and equipment so you don’t lose time and money setting up.
Shop around when you’re looking for a way to save money on your gas and electric bills. Use price comparison sites and make sure you get the best deal. Switching off lights, turning down the thermostat and switching off machinery at the plug will all contribute to reducing your energy bills. You can cut down on your phone bill by avoiding ‘08’ numbers and finding the free-phone number often by simply searching online, or using SayNoTo0870.com.
Rent, Don’t Buy
Renting can often be a quicker, more cost effective solution to your business needs than buying outright, especially if the need is only temporary. You can hire anything from office equipment to company cars for instant business solutions.
Word of Mouth Marketing
Word of mouth marketing is one of the most effective ways of marketing your business, and in doesn’t cost money, only time. To achieve word of mouth, you need something worth talking about, or worth sharing with people that you know, both in the digital world and offline. It’s a great way of raising awareness of your business without spending any money. There is a wealth of resources online to help you get your head around digital marketing.