It is important that all businesses proactively manage their costs – however large and successful that business is. Taking your eye off the ball – however small the issue might be – can cause problems further down the line. Here are five quick wins for improving your business cost reduction and saving money.
While businesses have made great strides in recycling efforts in recent years, there’s still more that can be done. Recycling is good for the environment and it saves businesses money too – think of all those landfill charges you’ll quickly avoid. Start by getting hold of some recycling bins – your local council may well be able to provide them – and encourage your staff to recycle as much as they can.
Cut out what you don’t need
On the surface it might seem like you have a good handle on your business expenses. But scratch beneath the surface a little and it’s highly likely you have outgoings that are either redundant or not being maximised. This could be anything from a TV licence even if you don’t have an office TV to a corporate gym subscription that no-one’s using. Identify any areas of unnecessary spending and cut them out.
Consider using freelancers for certain jobs
Think about using freelancers for specific, short-term projects, rather than hiring permanent staff – this could be anything from specialist help like web development or SEO to hiring in extra pairs of hands at Christmas, when things get really busy. This way, you can budget properly and make significant business cost reduction.
Be more energy-aware
Like recycling, being energy efficient is positive for both the environment and your business bottom line. From printing on both sides of paper (or simply not printing at all) to using energy-friendly light bulbs, there are lots of simple ways you can go green quite easily. Read our blog ‘5 Technologies to Make Your Office More Green’ for more information.
Sell old IT equipment
Most businesses have outdated bits of IT equipment sat gathering dust at the back of the office. Why let them take up space? Our Waste Electrical and Electronic Equipment recycling service will help you securely and economically dispose of your unwanted technology, and free up some much-needed room in the process – space that could be earning you money.
As a leading provider of office supplies and business services, we can help you grow. Get in touch today.