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.
Photo by nosheep.
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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