Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Your Free Business Opportunity Resource Is Easy To Use
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News

Free Lead Generation is a hot topic these days since many pay a pretty penny per portal to generate leads to increase ROI.

Free Lead Generation is part of any markets platform.  It is important to note that this November was 'nutty' for lack of a better word.  The purpose of this blog post...

Small Business Media and tapping into that vein can be a tricky and somewhat slippery slope unless you know some tricks of the trade.  Getting your message in front of the right audience is often the key to success.  So, where are the keys to the kingdom you ask and how can you get your hands on...

Entrepreneurs' Day 2016 on the 15th was outshined by politics, climate change discussions and so much more.  That is a real shame since small business is the backbone of this Country.

Entrepreneurs' Day - In my world it is Entrepreneurs' Day every day! I think, sleep and breath Entreprenuership...

Sponsors

Paid2Save Click or Call Bill Toth (716) 345-1888
If you could Travel more, Have Fun, and get Paid doing it, would you want to know more about it?
How Many Leads Does It Take To Close A Sale?
This Article is now live on our blog and I know could be very insightful for many. Read On
The Ideal Length of Everything Online, Including Social Media Posts
When one of your busiest marketing channels limits you to 140 characters, you know that the internet sets its own rules.
I Want To Buy a Business Opportunity or Franchise
Who are the types of people who buy a business opportunity or small franchise? According to people in... Read on
 
Resource Center > Article
Four Quick Tips for Running Your Small Business on a Budget
5 Feb 13 Posted by: admin
in Running Your Own Business
Share this Article:

Running a lean, and efficient, operation is the goal of many business opportunity and other small business owners. What processes and efforts yield the greatest ROI? Where can our business eliminate costs?

These are just a few of the questions small business owners ask themselves. Small businesses have a lot to worry about, including their budget. If you’re looking for ways to save, you need to reevaluate the current expenses of your business operations. Whether it’s negotiating the contract with your business’s credit card processing company or even going green and paperless, there are a number of ways your small business can save.

Negotiate Contracts

Every year or two, it’s important to reevaluate your current contracts to see if there is a way you can save by switching providers, negotiating your contract or reducing your plan. Credit card processing in particular can cost small businesses more than anticipated if they don’t have the right plan in place. Spend some time comparing providers for all your business’s major expenses. There may be different companies that will provide you with more for less, or at least they’ll provide you with something comparable at a lower cost. Some important expenses you will want to consider are: phone services, internet services, credit card processing services and insurance costs.

Reduce Waste

By going green, small businesses can also realize some real benefits. Reduce the amount of paper your business uses, and you’ll save by cutting back on how much paper you need to purchase. According to the Environmental Protection Agency, each employee in a typical office accumulates 1.5 pounds of paper waste every day. Turn off electronics when leaving for the night, use Energy Star® products and switch off lights in rooms that aren’t being used. The use of fluorescent lighting has proven to generate savings of over 30 percent in comparison to the use of traditional lighting systems. By reducing resource waste by your business, you’ll increase your savings and chances of sticking to your budget.

Consider the Cloud

Not only will moving various aspects of your business to a cloud-based system help your business reduce its carbon footprint, you’ll save money. You won’t need as much hardware on site, if at all, and will be able to outsource the maintenance, which all too often requires the addition of an employee or two to your payroll. One study found that businesses that switched to the cloud cut energy consumption by as much as 28 percent. You’ll cut energy costs, have up to date software at your disposal and be able to access necessary information anywhere. You can save time and money with the right cloud solution.

Evaluate Your Equipment

Are you buying new when a more cost-effective choice would be to go with something pre-owned? While in some cases, technological advancements and new capabilities make something newer worth the investment, that isn’t always the case. For instance, if you’re shipping products regularly, look for a postage meter for your business—you can save on shipping and the equipment cost. If you use a printer or copier every now and then, the newest and most expensive one out there probably isn’t the best choice. Depending on your industry, there may be different ways for your business to save on the equipment it uses daily or even sporadically.

If your business is on a budget, it’s time do an evaluation of where your business is spending the most and conduct research to see where you can cut back or make improvements. One of the easiest ways to get started is by cutting down your energy consumption and paper waste. Evaluate your office or business equipment and see what can go, needs to stay or needs improvement. Negotiate your contracts every year or two, reevaluating what you’re currently paying for on a routine basis.

Running a business on a budget means taking a good, hard look at what your business is spending money on and finding ways to reduce those expenses.

Erica Bell is a small business writer who focuses on topics such as new phone systems and time and attendance software providers. She is a web content writer for Business.com.

 

Related Blog Posts

Business Opportunity Apps to make your life easier was the best title I could think of today my friends.  This is especially true if you work with images or you are a graphic designer.

Business Opportunity Apps and Sites have been on my mind as late.  Recently, I've been focused on image optimization...

The Business Franchise Opportunity Sales Tips 7 Part Series was an idea launched by Keith Shaffer Director of Personal at TheLocalProject.net two weeks ago after a coaching session.  The credit goes to him for this...

Getting More Out Of Life: Buying Getting More: How You Can Negotiate to Succeed in Work and Life was an easy choice. When you read that Google used it to train 30,000 employees, you gotta figure it’s got something going for it. I’m always on the lookout for helpful books and negotiation...

12 Apr 16 Posted by: Todd Hatch
in Running Your Own Business

Money-Saving Tools that Entrepreneurs who are involved with business opportunities, franchises and work-at-home positions know how important it is to track money and manage money, which ultimately helps you save money.

The goal is to have more coming in than going out, but it can be difficult...

Here is an overview of the differences between business opportunities and franchise, and how you can determine which is the one for you.

Business Opportunities vs. Franchises the age old question - which is best for you? Do you dream of running your own business opportunity? If so, what does...
 
   

SocialXpand Business Opportunity Interview w/ Brian Weiss was for me a new way to learn from a customer and whom I consider a friend in the industry.

I've had the opportunity to work for a while now with Brian Weiss who is the Director of Sales for the
Video Spotlight

If you could Travel more, Have Fun, and get Paid doing it, would you want to know more about it?

Premium Sponsor