 | "You can't save yourself rich". (I can feel the financial advisors squirming) But for small business owners, not overspending is key to survival. You may have exhausted your cost saving ideas so here are a few more. NOTE: We have even compiled this list with literary restraint…to SAVE you time. |
- Laptop computers use 90% less electricity.
- Reduce the number of phone lines or replace with an internet based service: VOIP.
- If you sell online, include PayPal as a payment option. There is no “per transaction” fees.
- Email invoices as a pdf. It’s free.
- Buy printer ink in bulk or use recycled printer cartridges. Have employees share printers.
- Turning out the lights in unused areas or have motion sensor lights installed.
- For sales calls, use Microsoft Live Meeting to save time/gas and increase productivity.
- Consolidate vendor orders to trigger discounts and reduce purchase order processing.
- Sublet or renegotiate rent for unused office space.
- Hire college interns for general or seasonal work.
- Purchase office assets at trade shows, business liquidators, Craigslist or barter.net.
- Find business forms templates online for free.
- Remove changed address and undeliverable mail.
- Mail out in the morning so it arrives earlier rather using Express or Priority Mail.
- Ask clients for referrals, online reviews and add testimonials on your website.
- Use email newsletters & social media to keep your customers up with the latest.
- Join network groups to uncover referrals & co-op advertising opportunities.
- While advertising 1 item, mention another service or accessory that works with that item.
- Request three bids; always
- Order new checks online.
- Review your insurance coverage for trade association & umbrella plan discounts.
- If travel plans are flexible, try Google Fights to easily uncover date discounts.
- Traveling employees can often share hotel rooms & rental cars.
- Build a culture of savings & recycling in your business.
- Encourage employees to have fun. Happy equals productive.
