Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Buy A Business Opportunity of Franchise
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

Happy first day of December! It’s December and the end of the year is in full-swing. Don’t go into the holiday travel season without the December Book-of-the-Month: Business Adventures by John Brooks.

December means that its holiday time. No matter what holiday you celebrate it’ll...

Female celebrities are breaking the stereotypes of Hollywood and diving into the world of business. Check out how these women are using their fame, fortune, and power to start their own companies. From media production to makeup, these Top Female Celebrity Business Owners are doing it all!

As...

With only a few weeks lefts in 2017, it’s time to get organized now! The holidays are around the corner and you don’t want to be scrambling at the end of the year. Use these Small Business Organization and Tax Tips to End 2017 to help you keep the end of the year stress to a minimum.

Happy...

Sponsors

STARSCAPES®
Imagine making up to $500 to $1,800 a day! Call or click now see how you can get your business for FREE! (602) 679-0257
Promotional Products Home Business
Run Your Own Business. Be Your Own Boss. Earn Great Profit Potential. Start At A Low Cost. Try It For Free! Learn More.
Residual Income Business Opportunities
Residual Income is the way that you work once and get paid multiple times—sounds great!... Read On
Top 7 Reasons to Consider a CMS
The internet loves obscure abbreviations. You can skip over most of them, but not CMS. What is CMS? 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.
Low Cost Business Opportunities to Own
Are your right for a Low Cost Business Opportunities to Own? The desire to own your own business... Read On
Why Advertise Your Business Opportunity?
Over the years we have been fortunate enough to receive quite a few testimonials. In fact, ... read on
National Property Inspections
Flexible work schedule, no experience needed, and complete training and support available!
How Many Leads Does It Take To Close A Sale?
This Featured Article is live on our blog and I know could be very insightful for connectivity and ROI.
Top 50 Home-Based Business Ideas
Home-Based Business ownership can be the most rewarding endeavor you will ever undertake. The new year... Read On
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
Copying & Publishing Business Opportunities
Today creativity abounds in the printing and publishing space with more unique business solutions than ever imaginable.
 
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

These four top companies are giving back this holiday season to help women in need and foster entrepreneurship among women. Check out these companies donating to empower women and how your company can do the same!

The end of the year is approaching and companies are looking to donate to the...

As we enter the holiday season, we’re getting excited to celebrate the holiday and catch up with friends and family for some much-needed rest and relaxation. This can be tough for the home-based business owner or entrepreneur. To help you manage it all, we’re bringing you our 6 Tips to Balance...

Buying a computer for your business is a big decision. Don’t take it lightly! To help, we’re sharing our tips to Choosing the Best Business Computer.

If you’re thinking about buying a computer for your business, please read this, PLEASE! Buying a computer is one of the most important business...

Feeling overwhelmed with being a mom and an entrepreneur? We got you covered with our Success Advice for Mom Entrepreneurs!

Being a mom is a full-time job itself. It is no secret that children require a lot of attention. This can be tough if you are trying to start or run your business from...
30 Oct 17 Posted by: admin
in Running Your Own Business

Secure the Right Domain for Your New Digital Business - Every digital business starts with one thing in common: a domain name. Without a domain name, you do not have an address for your business where customers can find you.  It’s like having a business without having a physical address. How can...

 
   

I had the pleasure of chatting with Shawn Pigg, CEO of Hotels Etc. for BusinessOpportunity.com's Podcast series that will be released very soon on our new Digital Platform.  Here is the transcript from that call for our regular RSS feed subscribers who get all of our posts first.

If you would...
Read More


Premium Sponsor