Tuesday, May 31, 2011

7 Steps to Cutting Costs in Your Business

As a fellow business owner, I understand the importance of maximizing profits and cutting costs to grow a company. That is why all of the business computer consulting services we offer are designed to help our client's bottom line.

This week's Business Computing Tip is a little different - dedicated to other ways you can save money at the workplace to free up resources for more useful places.

Consider these 7 tips the next time you are balancing your budget:

  1. Migrating to laptop computers. Laptop computers consume approximately 90% less energy than standard desktop computers. Whenever possible, have your employees make the switch to laptops.
  2. Printer ink alternatives. Are you paying retail prices for your printer ink? Refilling your used cartridges (once) at places like Cartridge World, and buying recycled cartridges online can save you almost 50% off the suggested retail price.
  3. Evaluate your phone systems and usage. It's never too late to take a close look at your current phone plan and comparing your usage. Many times, business owners can reduce the number of lines they have or switch to an Internet-based phone system such as VoIP to reduce the costs of their bill.
  4. Review your weekly spending. If you find yourself buying office supplies once a week, consider the benefits of buying in bulk once a month. Run a quick cost comparison to see how much you could save by simply re-arranging your buying procedures.
  5. Hiring interns. Many colleges run a college credit program for internships. Simply contact the careers department and ask for information regarding their business partnership and intern programs. They are always on the lookout for opportunities for their students to work as interns in exchange for college credit.
  6. Turn off the lights. Turning off the lights in unused areas in your office workspace can greatly reduce your monthly electric bill.
  7. Leverage unused office space. If you have available space in your office that you do not actively use, consider subletting the space out. Sharing the rent and not paying for unused space are two great points to bring to the attention of your landlord.
We'd love to hear YOUR suggestions on thsi topic - Post your ideas in the COMMENTS below...

No comments:

Post a Comment