Every Thursday, we introduce FIVE COST CUTTING TIPS. Here are our favorites for the week. (Some of this week’s tips were taken from SMB Blog, Information for Small Businesses):
- Cut the little things
Adjust the temperature when no one will be in the office, invest in water filters instead of bottled water, use energy efficient light bulbs, save energy by trading in the big CRT monitors for flat screens or take energy saving a step further and trade you desktop computers for laptops.
- Rely on the internet
Embracing the Internet can save you ink, paper, stamps and time. Emails all of your documents, flyers, and bills. Many bill pay options are available through your bank which will eliminate buying checks and the cost of postage.
- Embrace telecommuting
If you’re tempted to move into an office but aren’t sure given the economy, you might want to hold off for a little bit. By working form home you not only save the cost of rent, but also the cost of driving to the office. You’ll also save on the equipment to furnish that space and the monthly office expenses (phone, internet and so on.)
- Shop around your insurance
If you have business insurance (and you should!) shop around to see if you are getting the best rates. It’s easy to become complacent and pay that same premium every month.
- Pack a lunch
Don’t become a total martyr… it is nice to eat out once in a while for lunch. But, by bring your lunch to work, you save more money. While this is a personal expense, it affects your ability to spend money in other ways: like dinner out on the weekends!
Have some cost cutting tips to share with us? Email them to email@example.com .