Don’t Lose Sleep Over Your Expenses
Running a business isn’t cheap. You don’t need us to tell you that! From buying the equipment you need for the day-to-day running if your business, to the cost of marketing, outsourcing, and staff salaries, it’s little wonder your bank balance isn’t always as healthy as you would like it to be.
But don’t sleep over the fact. For starters, it’s part and parcel of running a business. There will hopefully be a day when your business profits comfortably cover your regular expenses. Until then, it’s time to be frugal in your business. By cutting costs where savings can be made (without endangering your business), you may see more of those profits sooner rather than later. There are some tips in the linked article, but here are some other tips to help you reduce your other business expenses.
To save money on your shipping costs, consider the advantages of these postage meters for rent. According to the linked site, they can reduce your shipping costs by up to 80%. That’s a huge saving. You can also save money by comparing the cost of courier services. And while you may be tempted to hire a big-name carrier, FedEx and UPS, as examples, consider hiring a local service instead. Provided they have trustworthy credentials, they may be a lot cheaper than the bigger boys in shipping.
To save money on your office supplies, consider buying them in bulk. Suppliers will often give you a discount the more you buy, so while you may buy in excess of what you need, at least you will have supplies to cover you when you would normally be in danger of running out. Remember too, that you don’t need to buy branded products. A paperclip is a paperclip, no matter the name on the packaging, so don’t be afraid to buy from a generic company. And again, shop online, as you may find a cheaper supplier. There are many services who sell remanufactured ink and toner cartridges, for example, so you don’t have to pay top whack elsewhere.
When buying larger pieces of equipment for your office, such as computers, furniture, copiers, etc. remember that you don’t have to pay top dollar for items fresh off the production line. Provided they are of good quality, there is no harm in buying second-hand. Visit auctions, view classifieds both on and offline, and keep an eye on social media groups. Especially for those items that don’t have to be brand, spanking new (no matter how good they look), it makes sense to save money in this way.
Rather than pay for office overheads, consider telecommuting. You can save money on an office rental, cut down your energy bills, and spend less money on fuel going to and from work. Working from home is easier than ever before, and there is a range of technology available to help you manage the day-to-day running of a business. Of course, you don’t have to work from home at all. To save you money on your household bills, choose to work anywhere that has a wifi connection, such as the library or a local cafe. Double the saving.
Don’t lose too much sleep over your business expenses. By following these simple pieces of advice, you will be able to rest easier, knowing that you are making multiple savings throughout your business. Let us know if you have any further ideas. Thanks for reading.