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Resourceful Ways For Small-Biz Owners To Save
Here are several resourceful and creative ways that small-business owners can save money as they navigate today’s economy.
• Barter: While bartering may sound a little old fashioned, it’s a great way to work out deals between businesses and save cash.
• Save: Take advantage of programs designed to help you save money on everyday business necessities, such as office supplies and computers.
• Evaluate expenses: Take this time to re-evaluate all of the annual service contracts that your business currently has in place.
• Promote: Advertising is a good investment for business dollars, but keep in mind that you don’t always have to spend big bucks to conduct a successful advertising campaign.
• Travel: Eliminating any business travel that isn’t absolutely necessary can save small business owners a great deal of money. In place of traveling to see customers and clients, plan weekly meetings using free Web or phone conferencing applications.
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Jaclyn on June 2nd, 2009 1:10 pm
I think it is very important ot evaluate expenses especially today. Most owners don’t really know 100% where all of their revenue is going as far as expenses are concerned, and there is usually so many different expense areas where they could trim a little money off and save.
fthead9 on June 2nd, 2009 1:15 pm
When your evaluating your telecommunications and travel expenses consider using a Voip PBX and desktop sharing. I’m using http://www.toktumi.com for both and highly recommend them. $22 a month gets unlimited long distance to US and Canada as well as desktop sharing for sales presentations, which is huge for me. I was paying twice that a month for just the desktop sharing with WebEx before, good service but way to expensive.
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