Why look at ways to save money in your business? Business isn’t about how much you make, but about what you keep – the net profit. Cut an expense, and the savings usually goes straight to that bottom line. Learn a simple way to spend $25 less on electricity each month, for example, and you’ll have $3,000 more profit over the next ten years. Here, then, are a few random but useful ideas for cutting those costs.
Ask Vendors How You Can Save Money
Often, just asking can save you a lot. Ask a supplier if there is a way to cut the cost, for example. Maybe you and he would be better off if he delivered more of something, but less often, for example. You won’t know until you ask.
Join An Association
There are professional associations in most industries and service professions. See what benefits you get by joining one. Some can help you get reduced insurance rates and discounts on legal costs and other services.
Educate The Customer
I would love to be educated by many of the online services I use. Good simple explanation of how to use their products would keep me from having to call and e-mail them...
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