5 Quick Money Saving Tips For Your Small Business

5 Quick Money Saving Tips For Your Small Business image

1. Review Your Business Energy Tariff

Businesses can save by switching their gas or electricity supplier. Use an online comparison site to compare business energy prices to check if you could switch and save.

If you’re tied into a contract don’t worry, you can always find alternative ways to help reduce your energy costs such as replacing your workplace light bulbs to energy saving LED’s.

2. Go Paperless

Not only will reducing the amount of paper you use save money and de-clutter your work space, but most importantly it helps save the environment too. Why not try storing your business documents digitally and securely on services such as Google Docs.

3. Outsource Certain Jobs

Start small and hire freelancers to do specific projects or jobs for your business instead of employing part / full time workers.

4. Online Accounting Software

There are a handful of great online accounting software solutions available such as Freeagent and QuickBooks that could help streamline and reduce your accountancy fees.

5. Buy Used Equipment

You can save up to 50 percent by buying used equipment or furniture. Go to your local auction site to see if you can pick up a bargain. This can be extremely good for pre-revenue and startup businesses.

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