Four ways to save money at your business

Running your own business can be a costly exercise, no matter how big or small it is. Luckily there are plenty of ways to cut costs down to make sure you’re not spending when you don’t have to.

Shop around

Comparison is part of business and home life. Keep an eye out for special deals at the bank or building societies, for example, get free bank accounts for the first 24 months. Seek out the best broadband deals and mobile phone contracts to make sure you’re getting the added value from shopping around. Shopping around can also be applied to many of your items or appliances that will need to be purchased for the office itself, such as furnishings and workstations. You can find by shopping around that you’ll be able to find reputable suppliers such as office monster and others that may actually be able to offer businesses lines of credit when looking to purchase office equipment and furniture.

Energy saving

Yes, it continues to be headline news: energy and fuel bills. You have to meet them. But as the costs have gone up, so has the necessity to find ways to manage them. There are many ways to save energy in the office. For instance, you could install energy-saving light bulbs or a smart meter, which some of the “Big Five” energy companies recommend. Tempt staff to switch off when they leave for the day by giving a prize out when the quarterly bill goes down. It’s a win-win.

The classic mistake is leaving equipment on standby, so go on, turn it off and be kind to your business and the environment. Even self-adhesive thermal strips around doors can keep out drafts, which account for nearly 10 percent of heat loss. Technology continues to help businesses in this area, so apply daylight sensors to lights to maximize the use of daylight, which is free.

And finally, a well-maintained and clean office environment can contribute to better energy efficiency by ensuring that heating and cooling systems are not overworked by dust and debris. So, if you are looking for ways to ensure that your office is kept clean, then consider taking the help of business cleaning services in Palm Beach, FL (or elsewhere) as they may prove to be handy. They can also keep your office space tidy and as well as provide green cleaning through biodegradable chemicals, for example. In this way, you could potentially create a more sustainable and cost-effective workplace by integrating energy-saving practices with professional cleaning services.

Travel costs and pooling resources

Many large corporate companies have car sharing schemes. It can be scaled up and down depending on size of business. Shared travelling is brilliant for saving on costly fuel consumption, and means fewer car parking spaces are required.

Conference calls are another way of cutting costs; why not check in with your clients on a conference video call? It’s almost as good as being in the boardroom without forking out on train tickets and petrol.

There’s a shift in thinking that small businesses have to buy all their own equipment, so join a small business consortium to share the expense. Else, you can also look for something like Las Vegas Office Equipment Support (or nearby), and take their assistance in setting up your business for the time being.

Purchase second hand

Be clever, look out for second-hand office equipment sales. Perhaps you’ll be lucky and find a couple of designer office chairs at knock-down prices. Business loans can help in the short term to get these essential things.

http://www.thisismoney.co.uk/money/smallbusiness/article-2391148/How-small-businesses-cut-costs-boost-profits.html

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