Posts Tagged ‘saving money’
by Danny Brown on April 21st, 2008
It’s often hard enough to run a successful business, whether you’re a small-to-medium business owner or a large multi-national. Making it even more difficult are the costs involved if you’re a small business looking to either launch a new product or service, or even your company website. Thankfully there are a host of options and resources available for you to take advantage of, and very often they’re either free or extremely cost-effective.
Use Networking Opportunities
As a small business owner, you’ve probably heard of networking, and may even have attended specific networking events. Bringing together like-minded business people of similar... Read more »
by Larry Slusser on March 31st, 2008
With the cost of oil rising to unprecedented levels, businesses are seeing energy costs rise as well. While you may not have a direct link in your business to oil, the high price per barrel cost is impacting your business in some fashion.
As fuel costs increase, so do transportation costs whether by air, sea, or land. Transportation companies often times add on a fuel surcharge or a fuel fee. If you see one of those make sure to ask about it and check your agreement to ensure the added charge is legitimate. If it is legitimate, make sure when... Read more »
by Carrie Hinkel on March 20th, 2008
With mounting bills and a nationwide economic downturn, it’s no wonder why more and more businesses are looking for new ways to cut their monthly costs. Well, the good news is there are plenty of small things you can do to keep your cash flow healthy. And, as we all know, all those little cost-cutting ideas can add up to some serious savings!
Consider using a VoIP phone service – If your monthly phone bill is in the hundreds every month, consider slashing it down to a single or double-digit bill. Voice over internet protocol (VoIP) companies like Skype, iConnectHere,... Read more »
by Carrie Hinkel on March 11th, 2008
Most business owners don’t feel the need to have a “rainy day” or “emergency” fund until business is slow or an unexpected expense is incurred. Instead of having to scramble over some “fast cash” for the business, why not slowly build up a savings account that holds several months worth of operating cash? Even if your business is a start-up and you feel that every dollar is already spent before it’s earned, having a “rainy day fund” is a good idea – and you don’t need a lot of cash to start.
If money is tight, set a goal to... Read more »
by Carrie Hinkel on March 5th, 2008
There are many things you can do to make your business more environmentally friendly. And, the best part is, many ideas are free and some can even save you money! It may take a little extra effort to get your new (and greener) processes in order, but once they’re in place you can feel great about doing your part to reduce waste and lighten your company’s carbon footprint. An initial staff meeting on the importance of recycling and reducing waste can really help to motivate the entire office to do their share. Here are some easy ways that the entire... Read more »
by Rebecca Button on February 25th, 2008
Starting and running a successful business is expensive. To defray costs associated with business equipment, the ability to rent, rather than purchase outright, is an option exercised by business owners. Upfront costs to procuring business equipment, such as computers, copiers, printers, and furniture, are much lower by renting than buying. However, the tax ramifications can hurt when Uncle Sam comes asking for his check. Here is a look at how the two business equipment procurement strategies differ.
There are two main benefits of renting business equipment rather than owning. First, renting may be the only way a new business can... Read more »
by Carrie Hinkel on February 6th, 2008
Looking to cut costs for your business? Then, you may want to consider using web-based services with no or low monthly fees – instead of expensive software or an even more expensive server.
As more and more business owners are finding out about the goldmine of web-based services available, there has been a noticeable surge in the industry. In 2007, about 27 percent of small and medium-sized businesses used at least one web-based service – that’s up from 9 percent in 2006.
The benefits of using web-based services
Cost – Because of the shear number of web services available, most... Read more »
by Larry Slusser on February 4th, 2008
Cut your operating costs. Run your business lean. Bootstrap-spend your way to success. All of these mantras involve minimizing spending and if you follow them all, you won’t make any money. There are times in the life of your business where you are going to have to spend money to make money.
Also, there are some aspects of your business that you just can’t afford to cut out; the cost to your business is too high. The key to success in business is having the wisdom to know when and what to invest in and when and where you can... Read more »
by Barbara Weltman on January 3rd, 2008
It’s no secret that the cost of most types of insurance is on the rise–from liability coverage for your business to car or health insurance. You can’t afford to go without coverage because an incident can put you out of business. But you can fight against price hikes back by taking certain steps.
Property and liability coverage
Protect your equipment and other business property as well as insure against claims by third parties for injury on your premises with a business owner’s policy (BOP). Shop around for adequate coverage at the lowest price. Before your policy is up for renewal,... Read more »
by Leeia Ladipoh on December 28th, 2007
If you are running a business selling products online, you are aware that shipping costs can make a large dent in your bottom line.
In this article, we will look at some ways in which you can trim your shipping costs and make your business a lot more profitable.
* Save A Penny, Save A Pound. Remember that shipping is not all about the carrier, the postage, or even the weight. If you are selling a lot of items, then odds are you are spending a lot of money each year on smaller, unnoticed items such as packaging materials.
Look... Read more »