If your firm’s finances are squeezed, just getting by from week to week might be a challenge. However, there are ways to cut your company’s spending while still accessing the goods and services you need. The following top super scrimping tips should ease the pressures on your bottom line.
Reduce and reuse
All too often, we fork out for new products when we don’t strictly need to. With a little ingenuity and the right tools, you can curb overspending and make once worn-out items look like new.
One way to prevent excessive consumption and waste is to keep an accurate inventory of your supplies. Firms often order in new items when they don’t actually need them. Instead of relying on impulse, make sure you keep tight control of your supplies so that you know exactly what you need and when you need it.
Regrettably, businesses around the country regularly throw out resources without considering if they could be reused. For example, items with incorrect information printed on them may be tossed out with the trash. Steer clear of these wasteful actions by taking advantage of the blackout labels offered by manufacturers such as LabelsPlus. These products come in rolls or A4 sheets and they can be either plain or printed to the specifications of your choosing. They are ideal for covering up incorrect or outdated information. They are also handy if you want to reuse envelopes. The labels benefit from a tinted permanent adhesive that ensures the information below does not show through.
Try own-brand stationery
Another way to save cold, hard cash is to buy own-brand stationery. Often, these products are just as good as their more expensive branded equivalents, and they can cost less than half the price.
Cut your utility bills
There are ways to reduce your energy bills too. First and foremost, make sure you find the most competitive deals for gas and electricity. You may also benefit from enhancing the insulation in your buildings. Although this will cost you some money upfront, it could lead to major savings over the long term. Meanwhile, turning your heating down by just one degree could lead to a reduction in spending too.
It’s also important to make sure that you and your personnel use electricity wisely. For example, lights should always be switched off when rooms are not in use. You may wish to install sensor systems that turn lights off automatically when rooms are vacant. Think about replacing traditional light bulbs with energy efficient versions too.
In addition, pay attention to how much water your firm uses. Fix any dripping taps and make sure urinals don’t flush during the night.
Reduce your phone bills
Another way to save money is to rein in your phone bills. If you use a traditional phone line, make sure you have the best possible package for your business. Alternatively, you may benefit from switching to Voice over Internet Protocol (VoIP) solutions. These systems hook into your existing broadband network and their rates can be much cheaper than typical business call plans. VoIP solutions are especially cost-effective if you make a lot of long distance calls.
Limit your travel
Some work trips are unavoidable. You might have to attend important meetings or presentations in person or visit trade shows and conferences. However, it may be possible to reduce the number of business miles you rack up. Where possible, use phone calls or video conferences to communicate with your colleagues and customers. Over the long term, this can save you a tidy sum.
By following these super scrimping tips, you should be able to provide your firm’s finances with a boost.