3 Great Ways Small Businesses Can Cut Costs

Often, when times are tough, it can seem like your only option for cutting your business spending is to start letting go of some employees. Before you start handing out those pink slips think about this: if you weren’t in financial need, would you fire this person? If you answered no then you need to consider other options available to you. There are easier ways to cut costs without having to decrease your workforce such as switching to a VoIP PBX phone service or being conscious of your energy usage.

1) Hands Off the Thermostat!

One of the first things you should do to cut costs, since the cold weather is on its way, is to make sure you have good windows and insulation. You may be thinking that replacing those things requires you spend money, not save it. This is true, but when it comes to cutting energy costs, upgrading will be your most money-conscious decision. Also, if you are not doing so already, switch the lighting in your office to fluorescent, it uses less energy.

Bonus: This doesn’t have to just be about saving money, you can also parlay these changes into a marketing strategy as your business would be more “green,” and that may draw in a new demographic.

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2) Get Rid of Your Expensive Landline

It is time to get with the advances of technology and ditch that landline you are dishing hundreds of dollars to each month. How will you conduct your business without a phone, you say? Well, VoIP PBX phone services are extremely reliable, cost effective, and have all those add-ons you loved with your landline, free with you new service. It has been estimated that switching from a traditional phone services to VoIP can save you between 40 and 80 percent on your phone bill.

3) Renegotiate Your Rent—Or Get a New Space

The real estate climate in this country is very much in the renter’s favor these days. According to Bloomberg Businessweek, you can find a real steal with regards to your office space and you may even be able to renegotiate the lease you are already in. Saving money on renting your office space will be a great help every month as you try to get things back under control financially.

Luckily, with these simple changes to the way you operate your business you can save enough money so that you don’t have to needlessly fire your dedicated staff.

Stephen Craig is a part of an elite team of writers who have contributed to hundreds of blogs and news sites. Follow him @SCraigSEO.

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