How Businesses can Save on Costs
- Author Andrew Marshall
- Published March 29, 2012
- Word count 578
Many businesses have found times difficult over the last few years. The continuing economic gloom has had an impact on many areas of business, meaning the need to cut costs wherever possible. There are several ways that businesses can cut costs without cutting productivity and reducing business.
Video Conferencing
Businesses that have a large number of meetings can utilise video conferencing to save on travel costs and time. This is especially true for those who regularly have to travel long distances to attend business meetings, for example abroad. Video conferencing technology has improved significantly in recent years meaning it can be as productive as holding in-person meetings. Extensive travel costs can be reduced, and staff not having to travel makes them more productive and, therefore, more profitable in the long run.
Employees Working from Home
Having employees work from home may or may not be realistic. Where it is it can save on office space and office expense. Businesses can opt for introducing hot desks, where employees use free desks when in the office rather than everyone having their. This will mean not needing a desk and computer for every member of staff. If you are a one-person business then working from home can save on a lot of costs compared with having an office just for one person.
VoIP
Using VoIP for calls can be cheaper than using a traditional telephone. There are many business VoIP solutions that can give customers everything they need, such as multiple lines, call forwarding and answer phone services.
Office Supplies
It is a good idea to try to get all office supplies and company stationary from the same supplier. This might mean being able to negotiate a discount. Where possible, buying in bulk can also save on costs.
Energy Savings
This may be an obvious one, but it is important to limit energy use where possible. This simply takes common sense. Small things such as not leaving computers on overnight, not leaving lights on when they are not necessary, and not leaving heating on outside operating hours can save a lot of money in the long run. That doesn’t mean not using the heating all winter, but simply not wasting energy when it is not required.
Go Paperless
Computers are so prominent in business today that it can be possible to operate virtually paper-free. It is wise to store things digitally rather than printing things out when not necessary. This not only helps the environment, but saves on printing costs and paper costs. For things that do need to be printed it is possible to use a double-sided printer, meaning less wastage.
Good Quality Computers
Sticking with old computers might seem like a good way to save money, but it can reduce productivity. Computers that take forever to load the simplest document waste a lot of time in the long run.
Incentivise your Staff
Giving incentives to staff can increase business. They feel that they are rewarded for their good work and, therefore, become more productive. This does not have to mean giving everyone large bonus, but doing little things to promote hard work and reward improvement.
Regularly Review your Costs
It is amazing how much businesses can waste on things they don’t even realise they are spending. There are often things they once needed but no longer do, and yet they are still paying for it. This makes it important to regularly look at all expenditure.
Andrew Marshall ©
Video Conferencing and Business VoIP are two ways businesses can save on costs.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Varicose Veins Demystified: From Early Warning Signs to Proven Relief.
- Clearer Days Ahead: How to Effectively Treat and Manage Rosacea Symptoms.
- The Death of Expertise: Navigating the Political Landscape
- Hospitality Meets Worship: Church Carpet That Welcomes
- Using Toe Straighteners to Help Foot Problems
- Emerging technologies shaping the future of digital
- Do Magnetic Eyelashes Actually Work?
- Why Bamboo Pajamas Are Worth It: Comfort, Health, and Sustainability with GYS
- Use of podiatry felt to treat foot problems
- Soothe the Red: Proven Treatments and Everyday Solutions for Rosacea Relief.
- Breaking Free from Heavy Legs: A Complete Guide to Varicose Veins.
- Automatic Driving Lessons in Glasgow: Your Top Questions Answered
- How Carpet Runners and Wool Rugs Transform Stairs, Halls, and Rooms
- When Detail Becomes the Story: Macro Lenses in Narrative and Commercial Filmmaking
- 10 Simple Ways To Make Your Office More Secure
- Veins Under Pressure: Understanding, Preventing, and Treating Varicose Veins
- Calm the Flame: Natural and Effective Ways to Treat Rosacea Symptoms.
- The Hidden Price Tag: How Employee Turnover Drains Your Bottom Line
- Buying a Home When the Interest Rates Drop
- From Sheep to Chic: The Style Power of New Zealand Wool Carpet
- The Healing Blueprint: How to Activate Your Body’s Innate Power to Recover Naturally.
- Turmeric Uncovered: Nature’s Golden Remedy for Modern Wellness
- Turmeric’s Timeless Secret: A Golden Path to Better Health.
- Healing in Harmony: Unlocking the Secrets to Your Body’s Self-Renewal.
- The Bohemian Skirt: A Timeless Wardrobe Essential
- Ganesh Chaturthi: A Modern Take on Tradition Through Carved Wall Panels and Spiritual Wellness
- Revitalize from Within: Simple Strategies to Boost Your Body’s Natural Healing.
- Golden Power: Unlocking the Healing Benefits of Turmeric.
- From Chandeliers to LEDs: Fehmi Lights’ Expert Answers to Brampton’s Most Asked Lighting Questions
- West Texas Desert Retreat: Eclectic Outdoor Living Spaces & Vintage Tables