Cost Saving Tips for Small Businesses

Written by on 5/9/2012 10:00 AM . It has 2 Comments.

With these tough economic times, small businesses can find it challenging to keep costs down and profits up. From saving money on your business insurance NC, to buying second hand computer equipment, there are a number of ways that your business can reduce expenses and hopefully stay afloat in trying times.

Here are five ways you may be able to save money on your business costs:

•    Look for second hand computer equipment rather than buying brand new. Although a top of the range computer may look flashy sitting on your desk, if you are just using it for emailing and excel spreadsheets, you might be able to get by with an older model.
•    When you lease or own an office you might want to think about sub-leasing or renting out a room or even a corner with a desk to another business. Do you know any freelancers or contractors who work remotely with little need for space? Sharing office space can be a handy way to get all the conveniences you need at a fraction of the cost, plus you get the benefit of social interaction.
•    Use voice-over-internet for phone calls instead of a land line.
•    Install a coffee machine in your office instead of going out for takeaway coffee multiple times a day.
•    Check you are getting the best rate for your business insurance.
With a bit of creativity and organization you may find you can make substantial savings on your ongoing business costs. To find out more about saving money on your business insurance NC, speak to one of ouragents today.


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