Upload
lesley-jeffersen
View
226
Download
3
Embed Size (px)
DESCRIPTION
In the current economic market everyone is looking to save a little extra cash here and there. The internet is full of blog posts and commentaries on how families and individuals can save money at home but there are far less money saving tips for those who own and operate small business.
Citation preview
Small Businesses Saving Money
In the current economic market everyone is
looking to save a little extra cash here and
there. The internet is full of blog posts and
commentaries on how families and individuals
can save money at home but there are far less
money saving tips for those who own and
operate small business.
These companies and their owners are in just
as much need as anybody, perhaps in even
more need, to save money wherever possible.
Because saving money for a small business is
not solely for reasons of good business like it
may be for larger companies, but for the very livelihood of the small business in its entirety.
The following are a few tips and tricks that will hopefully be beneficial for the small business owner in
their efforts to save money and whether an otherwise difficult financial time. Some of these tips may be
common knowledge for some small business owners and some may not, but either way the hope of
helping exists as many believe that the salvation of the American economy rests in the hands of its small
business owners.
Monthly bills
The first tip that can be offered is in the category of saving on the monthly bills. Just like at home,
monthly utility bills can cripple a small business’s finances if not managed properly.
This means that at the place of business all available efforts within reason to cut back on energy costs
should be taken. One little known energy conservation technique for small business owners to
implement is the use of laptop computers over desktop.
Laptop computers consume up to ninety percent less energy that desktop computers and so should be
implemented wherever is possible within the business. Other energy conservation tips for a small
business to save on its monthly bills reflect those used by homeowners.
Conservation of heat in the winter and cool air in the summer through weatherproofing doorways and
windows will dramatically lower the expense of a company. So too will remembering to switch of power
and lights to areas that are not in use.
Sharing printers
Other ways for a small business to save money
include sharing printers where need and using
discounted or recycled printer ink as this item can
be a regular and costly expense for an office
structured small business. Similarly, a company
can save money by using the right material in all
situations.
An example of this would be to use a specialized
packaging company for the shipping needs of the
company. Specialized business packaging
companies can work with a small business to cut
typically high shipping costs but being uniquely
interactive with the small business and its products.
Internships
A final tip for small businesses to save money would be to contact a local college or university to explore
internship options. Many educational institutions will partner with companies to provide their students
with internship opportunities.
This gives the students college credit and real work experience in a particular field while simultaneously
cutting the payroll cost of a small business but maintaining productivity. These few tips and others can
greatly reduce the amount of resources and finances that a small business uses in their monthly
operations creating a solid and secure future for that company.
Photo credit: Pahz, manci