Small businesses are no exception and, for some, being thrifty can be a matter of necessity. With that in mind, we hope you find these five money saving tips helpful!
- Cut your utilities consumption.
Use laptops instead of desktops. Did you know that laptops use 90% less energy than a regular desktop, making them far more energy efficient? Make sure to adjust the thermostat accordingly when you close for the evening, and make sure all lights are off. Remember that the little things add up.
If your business will be making regular and/or bulk purchases of any kind, see if you can negotiate for a lower price on those purchases. Other companies appreciate regular business as much as you do, and may be able to give you a better deal than the asking price if you buy in large quantities or over large periods of time.
- Consider hiring interns.
If you’re in the market for seasonal or general office staff, consider hiring college interns. They often work just for college credit and experience, which can reduce your payroll expenses while gaining an extra pair of hands.
- Spend less on postage.
Many businesses take advantage of electronic newsletters and email as opposed to snail mail. If you still want to mail newsletters, update your address list regularly to weed out any out-of-date addresses. Additionally, making sure your mail goes out in the morning can help it get where it’s going more quickly, reducing your need to overnight those important packages your absolutely have to send.
What is your favorite money-saving tip? We’d love to hear from you!