Operating a business isn't all profit - you have to pay money to make money, too. Operating costs can be a major expense for businesss owners and can eat away at the bottom line. Here are some areas to examine to see if you're saving all you can!
- Turn off your computers. Remind employees to turn off their computers at the end of the day or at the end of the week, and you can shave off a small amount from your electric bill.
- Buy secondhand equipment. Businesses who are upgrading often sell their old furniture and electronics at a reduced rate, which is a major bonus for you!
- Do your own marketing. It's easier than ever to take charge of your own design and advertising. Sites like Canva.com make DIY graphic design a breeze, and you can schedule your Facebook posts to your business page up to six months in advance to make sure there's never a lull in your social media presence. You can even purchase sponsored advertising space for just a few dollars.
- Clean up your office and sell unused items. There's bound to be some clutter lying around that can be flipped on eBay.
- Cross train your teams. Are there tasks that can be divided between existing employees? This will add variety to their day and decrease your training and onboarding costs.
For more ways to save money in your business operations, read this article from Small Biz Trends:
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