Businesses can haemorrhage money. A small blip here and there can soon add up, resulting in funds leaving your bank account and cash flow issues starting to come into play. But it doesn’t have to be that way. What can you do to stop the monetary bleed? Check out some of these economically savvy ways to reduce your business costs.
1. Don’t let the prices for international calls fly high
If you have to make regular phone calls worldwide, then you’re likely aware of the price tag that accompanies your conversation. Instead of spending a small fortune on your landline or mobile bills, how about considering looking for a third-party company to help cut the prices?
Companies such as Planet Numbers were designed to save you money on your business calls and allow you to purchase credit, so you always know where you are. As long as you have an active PayPal account, you can top up your account and make as many international calls as you desire.
It doesn’t matter if you often make worldwide calls or rarely do, as the credit doesn’t have a time restraint. The bonus? International calls start from as little as 1p a minute, making it a far cheaper option than the more mainstream competitors, such as BT. This is an easy way to make drastic savings within your business, without having to compromise on quality or convenience. You get to take control of your international calls and help out your bank account in the process.
2. Lessen your carbon footprint and spend by going paperless
Imagine being able to help the environment and save money in the process? Those are just two of the main advantages of going paperless. Although the individual costs of paper, ink, and packaging may not seem extreme, when you add them all together it can start to leave a big dent in your bank account.
With many computers now offering more memory than they ever have before, for a much more reasonable price, there’s no excuse not to save important documents and files onto the system. Utilising the technology that is available has numerous benefits, and not only with regards to spending. Along with saving space in your office, digitalising your document handling means you’ll find important files easily – without needing to go through your entire inventory to find an important business document. You’re making a positive change with regards to the environment and saving a pretty penny… just make sure that you store a backup of your files away from your main machine.
3. Shiny and new vs. working and used
Buying something new often feels more professional. You’re able to know exactly where it sourced from, if you’re getting a good deal, and there’s a guarantee that your items will have no wear and tear. However, what if you could get the same thing for a fraction of the price? The downside: it could have the odd small scratch or have been on display in the past. Inevitably, this is the individual’s decision, but for a small swallow of shiny pride, you could be having the newest equipment for a much better deal.
Companies such as Argos offer an outlet store, where you can purchase leftover stock that has been previously put on display, or those that have been refurbished. You receive the exact same item and get to give it a loving home… and you don’t even have to let anyone know it isn’t brand new. A simple solution to spending more than you have to, with the quality being the same.
4. Create a business budget
This is a simple idea that can truly save you a lot of money. If you know that money is often leaving and in higher qualities than you find ideal, then you need to find the source. Maybe you’re paying over the odds for your electricity supply?
The easy solution? Make sure you only power up the technology that you’ll need to get to work, have the heating on a timer and have all lights switched off at the end of your working day. You may discover that too much of your money is going on an expense that isn’t necessary… and a business budget is the way to see where all of it is going.
To make money, you need to know exactly where you’ll have to spend it. If you’re spending too much, you need to know where to cut it. By comparing your takings to your business expenditure, you can find out precisely where your money is going and make the changes you need. By utilising a business budget, and sitting down and working out the exact figures, you can pinpoint what it is, if anything, that is going wrong.
5. Let’s get social
Finally, you could boost your business’s profile for a fraction of the marketing costs that you may have already been spending. As we quickly speed into a digital world, make sure you’re not behind and keep up to date with the latest and best ways to market your company. With LinkedIn, Facebook, Twitter and a variety of other social media websites being available at your fingertips for free, it seems mad to not dabble and see where it could take you. Cutting costs of advertising can leave you free to focus on other aspects of your business.
Compare the costs that you’re spending on outbound marketing and see what you can do to increase your business for a lower price. In some examples, you may decide to go with investing in a marketing firm to boost your business’s online identity, and in others, you may choose to hire someone to look solely after your business’s image. Either way, by looking further into the digital platform that is readily available for your business, you can save money and gain an online presence in a few simple clicks.
Here is What Makes You More Likely to Fall Victim to a Data Breach
In recent years, data breaches have become more and more common. Being the victim of a breach is a very scary thing, your personal data is at risk and you aren’t sure how little or how much information has been taken from you. Are there…
If Online Privacy Is Dead, Is There Anything We Can Do?
The online world is both wonderful and frightening in equal measure. On the one hand, we have access to unlimited information and resources, but on the other, we have zero privacy. For most adults, the internet is a part of every aspect of their daily…
Reason To Choose Comodo SSL Certificate To Secure Your Website
It should be clear by now that for your website to survive in this modern era, hacker ridden internet era, it is important for all the information that go on it or through it to be encrypted. To have a website without SSL protection is…
6 Unexpected Security Concerns, and How to Prepare
As powerful as the Internet is right now, it’s impossible to even imagine where it will go over the next years and beyond. But, as fast as security protection continues to improve, hackers seem to improve even more quickly. Everything from new devices to apps…
Your Business Needs These 13 Digital Security Solutions – Here’s How To Get The Most Out Of Each
How would you characterize your organization’s digital security posture? If you’re not sure how to answer this question, or perhaps would prefer not to answer it at all, you’re not alone. Countless decision-makers, from uber-competent CTOs and CISOs to CEOs and COOs who couldn’t code…
- 3D Printing
- App Dev
- Artificial Intelligence
- Arts and Entertainment
- Big Data
- Blockchain Tech
- Business Technology
- Car Technology
- Cloud Computing
- Cloud Storage
- Computer and Technology
- Conference Calling
- Coupons and Deals
- Cyber Security
- Dark Left 1
- Data Center
- Data Recovery
- Digital Arena
- Digital Marketing
- Edu Tech
- Email Marketing
- Google Glass
- Guides and Tutorials
- Health and Fitness
- Home Appliance
- Home Improvement
- Home Security
- Internet and Businesses Online
- Internet Marketing
- IT Careers
- Mobile Apps
- Mobile Security
- New Tech
- Online Shopping
- Project Management
- Reference and Education
- Reputation Management
- Sales & Marketing
- Shopping and Product reviews
- Small Business
- Social Media
- Tech Trends
- Technical Support
- Technology in Education
- Tips & Tricks
- Tips And Tricks
- Video Conferencing
- Virtual Reality
- Wearable Technology
- Web Design
- Web Development
- Web Hosting
How To Track Your Child’s iPhone Without Them Knowing
There are several ways already available that can help you track your child’s iPhone. However, not all of them will track without the child’s knowledge. With children being more tech-savvy than you, they are bound to know and grasp more. That is why your tracking…
How To Choose The Right Hardware When Building A New PC
Building your own PC can be challenging. There are just so many things you need to remember. You spent a lot of time on your dream computer for it to be the fastest and efficient in the world. Or at least better than your on-line…
3 Ways to Prepare For Cyber Security Risks That Employees Must Know
In a world where everything is much easier to do via mobile, app, or device, technology is not going to slow down. We’re all guilty of potentially owning more than one device, whether that is our personal phones, work phones, tablets or fitness trackers. All…
Non-Negotiable Elements For Your Business IT Security Plan
In 2019, having a business IT security plan is more important than ever. An IT security plan is the first line of defense you have for protecting your business – and your clients – against cybercriminals. Cybercriminals include hackers, who frequently obtain personal information with…
Businesses Need To Be Proactive When It Comes To Cyber Security
For business of any size, making sure they are not only compliant with security regulations but continually improving and adjusting the measures they have in place is vital. Quite often the factor which determines how a business approaches cyber security is the mindset of the…
How To Become A Cyber Security Analyst
What is Cyber Security? Cyber security is the practice of protecting a system or network from digital attacks. These attacks are generally aimed to retrieve or destroy sensitive information and it is a serious threat to all the organizations. Who is A Cyber Security Analyst…