Cut Business Expenses

Don’t print unless you have to.  Do as much as you can on screen and online.  It may not be much of a reduction in business expense when you look at it in the short run, but when you look at the savings over a year’s time, the difference to your bottom line might be significant. 

If you do direct mail promotions, make sure your list is absolutely, positively scrubbed clean.  Don’t just depend on the list brokers to do this for you.  Do it yourself.  You might spend a little bit of time cleaning it up through phone calls (don’t mail to weak leads) and common sense (repeat names and such), but the payoff will be greater.  Not only will you reduce business expenses by saving money on postage and paper, you also reduce your environmental imprint.  The best part of it all is because your list is scrubbed and targeted to prospects likely to buy; your promotion will also be more successful. 

So there it is, folks.  A few useful tips on how to reduce business expenses, decrease your environmental impact, and increase your cash flow to improve your bottom line.  Until next time…

Reduce, reuse, recycle and repair.  We normally don’t think of these 4 words when it comes to technology or office products.  But why not?  You could seriously reduce your business expenses by buying used furniture.  Since a lot of businesses have closed their doors, there is a lot of barely used office furniture available.  Google “used office furniture” and you’ll come up with over 45 million results. 

Don’t print unless you have to.  Do as much as you can on screen and online.  It may not be much of a reduction in business expense when you look at it in the short run, but when you look at the savings over a year’s time, the difference to your bottom line might be significant. 

Another way to reduce business expenses is to cut back on travelling.  Airfare, hotels, transportation, food…it all adds up.  The environment feels the effect, and your bottom line feels the strain too.  With all the advancements in technology and the ease of accessibility of the internet even in the remotest of places, it really is possible to hold meetings online via webcam or teleconference.  Not travelling is a triple win:  you win by reducing business expenses, the environment wins from not having the CO2 emissions, and the employee wins by not losing work and family time to travel (not to mention the added stress of sitting at the airport when the flight is delayed or cancelled).