Keeping your office costs low to keep your profits high is one of those mantras that every business owner should buy into. Sometimes it’s easy to overlook the possibilities for cost-cutting in the office, often because you and your team are too busy to turn your attention to it.
In fact, with a little research and attention to detail, you can easily shave money off a range of both your fixed and variable costs.
One of your biggest outlays will be your utilities, electricity, gas, water, and phones. This is an area where you could make a significant difference to your costs. Many businesses – as do residential properties – don’t bother to look around for cheaper deals for their electricity, gas, and water providers because it seems like too much hassle; it’s easy to get into a comfortable routine. However, if it’s costing you money because other providers are offering cheaper deals, then you owe it to the business to do something about it.
Check in case you are offered a deal that locks you in for a time; try a smart meter so that you know what’s taking the most electricity and when and where you can adjust routines to use less energy.
Make sure you have good insulation in rooms so that you’re not constantly losing heat, effectively shoveling money out the windows. Window shutters are excellent both for insulation and for controlling the direction and the amount of light that flows into the office and onto desk spaces. They also look good and are far more appropriate for an office space than fabric drapes.
You should also check out your phone and internet providers to ensure you are getting the best possible deal, and keep an eye on the cost of phone calls each month.
Though many businesses are working to go paperless, you’re still going to need paper for a variety of reasons. Buy in bulk to cut your costs – you can make good savings – and go for non-branded stationery and a thinner quality of in-house paper.
Marketing is essential to get word out about your products and services, and you don’t have to spend a fortune on traditional advertising. Use social networks such as Twitter and Facebook so that you can engage with customers and talk to them about your business, constantly spreading the word. Work to expand your business networks by taking advantage of the likes of LinkedIn – you can find customers and potential employees for the business.
Save money as well by using Skype for long and international phone calls – you and colleagues can communicate with anyone who also has the Skype software downloaded.
Look after the cents…
By examining every aspect of where you need to spend money, you can identify a whole range of potential ways to cut costs – don’t forget to look at your insurance either rather than just rolling them on a renewal date. If you take that time to look after the cents, the dollars will look after themselves.