Money Saving Tips For Small Business

Starting a business is an investment; keeping a business running is a continuous investment. While you shouldn’t cut corners, there are ways to save you money without jeopardizing the quality of your service. Here are a few to share with you.

Have your employee team use laptops instead of desktops. They consume 90 percent less energy, are less expensive to buy upfront, and make it easy for employees to move to different desks or offices. They can even take the laptop home with them to work off site if that’s a possibility for their position.

Printer ink is a commonly needed office supply and it can be quite pricey. Find ways to save money on that, whether it is buying in bulk or using recycled printer cartridges. Some places even let you bring in your empty cartridges to fill with ink rather than buying a whole new cartridge. Have one or a few shared printers and don’t print what isn’t necessary.

Turn off the lights. Keep the lights off in unused areas as well as areas that are not frequented often during the day, such as a conference room. You can also have motion sensor lights installed and this will save a significant amount on your utility bill.

Email marketing is inexpensive and often has higher return on investment than other forms of advertising. You can do this through newsletters and special offers. Don’t discount word-of-mouth advertising and encourage that among your staff.

It’s a good idea to review your insurance coverage to see if there are any ways you can save. Discuss the policy with an agent to find out if there are more cost-efficient plans.

Finally, when traveling on business trips look for discounted fares and be willing to share a hotel room and even a rental car. Follow these tips and the savings are sure to follow.