Economics. If your business isn't economical- it won't provide you with the profit it should. Business is likened to a car- you use a lot of gas to get across town to do the job. While you are making money at work, your vehicle is sucking down all that fuel and costing you as much as you are making. It doesn't make any sense or cents. What your business needs is to swap your "gas guzzling" properties for some more economical solutions to keep you rolling down the road to success.
Technology advantages
The technological advantages of the present time have far exceeded the old ways that offices used to be oriented. There are no more filing cabinets, typewriters, and even the old landline has been ousted. All these things being replaced by computer technology have condensed your office supply needs into small compact devices. The internet itself holds many options for you to save a few bucks. Online applications- specifically from Google- allow you to store data online amongst many other things. There is even an application known as "voice over IP" which eliminated the need for office phones. Instead of investing in phone service and internet service, you condense down to only internet services.
Window to the world
The great thing about online- most of it is free. There are many ways to reach the public through online advertising. No more huge investments with billboards and television commercials. This is probably one of the greatest most economical ways to save a few bucks. The online world is as big as television was in the 1950's and is still growing. Building a quality website and using social media's the right way are a much better solution than the old advertisement in the phonebook's yellow pages.
Business rates
There are many opportunities that business are capable of when making purchases. As a business owner, you will want to always get the business rates. Utilities are one of the many things that businesses may not be aware that they can get better rates on. A business consumes more- therefore it is like buying in bulk at a steady pace. Places like Sam's Club and Cosco offer better rates for purchasing in bulk, so it only makes sense that electric, water, gas, and Internet companies would have better rates for your business. You may need to hire a consultant to do the footwork for you and negotiate. This would normally be a one-time investment and the outcome would be reduced costs for you throughout the future.
Investing in yourself
A lot of times you find yourself spending money where it doesn't need to be. Remember that the small stuff counts too. Studying your budgets and knowing where you need to spend your budget is important. Instead of purchasing a cheap item that may not last as long- consider how much you save by purchasing a quality product. This is especially valuable when it comes to your computer devices and smart phones which you use for business daily. Remember that these devices are not like a pencil that you can throw away if it breaks- these are important business investments.
Don't forget that though it can cost extra dollars- protecting your investments is always important. Not just physical items, but your software on your computer is always threatened by the evil viruses that wander the wireless networks.
Russell Wallace is a CEO whose energy and focus is on building and developing great business. His current entrepreneurial focus is 29Prime.com. 29Prime is a one stop online advertising solution (SEO & SEM) for all your small business online marketing needs.
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