How Can Small Businesses Save Money?
Startups are the new trend. It is a good thing that more and more people want to own something of their own and become entrepreneurs instead of working at big MNCs. However, starting a business is not a joke. It needs a good amount of capital with serious investors or venture capitalists. Unless they get funding, it is not possible for them make their dream business a reality. With a limited amount of funds, they need to be very careful with money, especially when it comes to expenditures. Curtailing office expenses, hiring interns or employees, outsourcing work – there are several ways to save money. Here are some tips on saving for startups:
Switch Off Computers At Night
Switch off computers before leaving the office. Many companies don’t follow this as they think it will be easier to simply wake up the computer in the morning. But this might be the reason your energy bills are higher. Make it a part of company culture — to save energy whenever and however possible. In case you didn’t know, laptops are more energy efficient than desktops. Hence, do away with old-fashioned computers, and get some new and trendy gadgets for your office. The flexibility one has with laptops will keep the employers happy and reduce your office expenses as well.
Recycle Whenever Possible
Recycle your office printer, monitor, and ink cartridges whenever possible. There are a few office supply companies that might give you a discount if you let them recycle your stuff. That is a great way to save a few bucks as well as be friendly to the environment. Also, stay paperless as much as possible. Use a low ink cartridge and limit your printer usage in a day. Recycling isn’t only great for the environment but also for your business as well!
Save Energy At Office
Make it an official rule in the office to turn off lights and other electrical appliances whenever they are not in use. When training your new employees, promote energy-saving tips as one of the official rules. This will not only create a culture of environment-conscious employees but will also help you save a huge amount of money each year.
Opt for Green Office
When we say go green, we don’t mean change your office supplies to more eco-friendly options only. There are several other ways to go green that will actually save you money. For example, change your bulbs and lights to more energy compliant ones. That will save you a lot of money on electric bills, too. One other way to help the environment might be to have remote workers. If you cannot afford a completely remote team, then you can have at least one day a week when your employees can work from home. Imagine how much fuel you will be saving, and less traffic on road would mean less pollution, too!
Buy Used Furniture
If you are thinking that used furniture is a bad idea, hear us out first. Most offices try to achieve the look of perfection and sophistication with their decor and furniture. The office’s interior aesthetic is essential in order to make an impression on both clients and customers or even employees. But, if you buy used furniture, will you be able to achieve that goal? You can! But you need to be creative. Workplaces are changing their looks with time. Gone are the days when an office setting meant dull white walls, clear glass windows, and minimal decor. Modern workplaces are full of fun ideas. Instead of creating a formal, stiff environment, create a happy place with DIY stuff and pre-loved furniture. This will help the employees be more casual, work better, and even be more productive!
Whenever you have recurring expenses for the office, try to clinch the best deal. There might be a shop that supplies bagels to your cafeteria; search in your vicinity for other shops who will do it for less. Also, when closing a deal, negotiate hard. Whether it is for office supplies, food from cafeteria, or computer parts, getting a discount means you are saving!
What about you? What do you do to save money in your small business or startup? If you have any other tricks up your sleeve, do share it with us!
More in Saving & Refinance
Rafa Nadal Shocks the World by Proposing to Girlfriend of 14 Years, Mery Perelló
Wedding bells are ringing loud for Rafa Nadal and his girlfriend, Mery Perelló. The pair, who dated for 14 years had...January 31, 2019
You’ll Never Guess How Young These Billionaires Are!
When we hear the word ‘billionaire’ our mind can immediately go to picturing an older person who doesn’t really care about much...January 31, 2019
How Lisa Niemi Spends Her Days After the Death of Husband Patrick Swayze
Patrick Swayze was an American actor, songwriter, and singer, who gained fame in the 80s for his leading role in romantic films....January 30, 2019
If You’re A College Student, Here Are The Top Five Rules to Saving Money
Being a college student is a life of going from one adventure to another, learning while having fun, and… being completely broke?...January 29, 2019
Three Habits That Will Help You Lead A Healthy Lifestyle
The first month of the year has almost passed which means all the people who had “get more fit” in their...January 29, 2019
How Ralph Lauren Rose from Poverty to Create a $12 Billion Fashion Empire
The American Dream can be expensive and even near-impossible for many citizens of the country which is why most people find hope in...January 27, 2019
Why Online Money Tips Won’t Make You Wealthy
If you are always looking for a way to get rich quick, you probably read a lot of personal finance management...January 27, 2019
Facts You Need to Know About Angela Bassett’s Life
Angela Bassett is no stranger to movies portraying strong African American ladies. Bassett has a career that has spanned over a...January 26, 2019
Alan Rickman’s Final Act of Generosity Before Death Will Bring You to Tears
Even in death, Alan Rickman has shown that he was a generous soul. Before the tragic death of the actor, he...January 25, 2019