Every little thing you do in the office costs money. The paper you print on? That costs money. The new IT guy you have hired? He costs money, too. The additional cloud storage? That costs money. While these are necessary for the fulfillment of duties, they might be costing your business more than they should. Think about it: For every $10 you save on operational expenses in a day, that’s $300 a month and $3,600 a year.
Go for Internet-based Calls
Look forcloud PBX solutions for small businessesand set them up in your own office. This way, your employees and clients can communicate without spending a dime on mobile data and voice calls. One of the biggest expenditures for companies is the amount that offices spend on their phone bills. You can cut this off significantly by being wise with the technology you use. There are many ways to reach your clients without having to call them via phone—unless absolutely necessary.
Invest in Digital Technology
At the same breath that you’re now using the Internet to connect with your clients, you should also use digital technology in the workplace. Digitize documents. Don’t spend printing every invoice and contract unless you have to do so. You can save on the cost of printing these documents by saving them in secure locations. And since you’re not printing and storing documents, you’re saving up space, too. There’s no need for those bulky file cabinets.
Allow Employee Flexibility
You can cut a significant cost of electricity usage by letting your employees work from the comfort of their own homes. If they can do their job from outside the office, you have no reason to stop them from doing so. Imagine not having to spend on their electricity usage. As long as they do their work, both of you win with a flexible schedule.
Choose Low-cost Advertisements
Why go for traditional ads and spend thousands of dollars when you can easily do the same with search engine optimization (SEO)? Creating text and video content for your website will attract potential customers to your business. You can count down on paid Internet advertising once you’ve become an expert in SEO.
Outsource Manpower and Logistics
Who says that you need to have your own courier service or your human resources department? Outsourcing different components of a business is now the norm. Even large companies hire the services of recruitment firms to find candidates for their job openings. You can also get into partnership with logistics companies that can take care of delivering items to your clients.
X-deals are a form of transaction between businesses where there is no exchange of cash or payment. Instead, there will be an exchange of goods or services. If you are a web design company, for example, you can create a web design for a supplier in exchange for items that you order.
There are a lot of ways that you can cut your business’ operational and logistics expenses. You just have to first identify what components of your business are drying up your resources. With the help of your employees, you can streamline processes and reduce excessive business transactions.