While running your own business, it’s crucial to keep an eye on your cash flow. Saving money, regardless of how much, should be high on your priority list in order to make as much profit as possible. You can do this by starting to make small changes that will inevitably result in big savings for you and your company in the long run, helping you to maximize your profits. In this article we look at five ways you can start saving money in your office, today.
Turn off the Computers
Turning your computers off at night before you leave the office might seem as if it would not make that much of an impact of your spending, but it will. It is one of the easiest tasks you can start doing now to save both energy and money at your office. The same goes for power strips, too. Most people are not aware of how much energy is consumed by computers that are left on all the time, as well as the extra heat that it generates in your office space.
You can get some pretty good discount deals if you choose to recycle the likes of your empty ink cartridges and computer equipment. Find out if you can take advantage of any of the deals by asking your local supply store if they take part in any recycling programs. If they don’t, you can do a Google search to find who does and contact them instead. Recycling means you are using less, and by simply setting your printer to a lower printing quality for everyday printing – and reserving your higher quality setting for any documents you are going to archive or give to your customers – you will be able to save more money by spending less on your printing supplies.
Put the Lights Out
Again, it might seem like a pretty straight forward task, but by remembering to put the lights off at the end of the day you will start to see a difference in the amount your energy bill come to each month. Once you are finished in the business centre after a meeting,take a moment to put the light off instead of leaving them on with no one occupying the room. Do the same in every room that is not occupied as there is no point in wasting money on electricity that is not being used.
Save on Advertising
There are so many free ways you can advertise your business these days, including through Facebook, Twitter, and by word-of-mouth. By creating a profile for your business on Facebook and Twitter, you can use it to spread the word about your business and services on other pages and groups. Word-of-mouth advertising can be used at conferences, workshops and while you’re getting your morning coffee at the cafe across the road, if applicable. Having face-to-face conversations about your business is also a more personal way to get your message across, which potential clients appreciate. By taking part in virtual and verbal advertising methods, you will be saving your company the costs of printing advertisements in newspapers, leaflets and more.
Work From Home
It’s not possible to work from home every day, but you can however allocate specific days of the week to a group of employees or work on a rotation schedule that will allow you and your staff members to work and communicate from home one or twice a fortnight. This way of working will not only save on you money on your power bill at the office, for example, but it will save on other expenses such as transport and phone bills. There are so many ways in which technology and the internet has made it easier and cheaper to work from home, as you will still be able to communicate successfully through email and the likes of Skype.
The above small changes can have a big impact on your business in the long run, and most of them are very easy to implement straight away. If you want to make a different to your company’s bottom line, start using these easy tips and save money today.
Ibtisaam is a business writer that is driven by company dynamics, CEO insights and creative outputs. Particularly interested in business development in the UAE, Ibtisaam is your go-to lady for all your company-related queries.