- Hire Independent Contractors: An independent contractor can save you money because you aren’t paying for any employee benefits for them. They’re a great option if you don’t need a full-time person doing the work.
- Change Your Phone System: Phone systems can add up. See if you can simplify your system and use free options instead.
- Stay Virtual: If you can run your business online, do it. Opening a physical location can add a lot of expenses (think rent, insurance, utilities, etc.)
- Create your own forms: Instead of buying forms from a local office supply store, create your own. This will help keep them unique to your business and save you money.
- Renegotiate Your Rent: If you have to have a physical location talk with your landlord and see if you can renegotiate your rent. If there are a lot of empty spaces in your city, then your landlord may be more open to discussing your rent.
- Buy Recycled Ink Cartridges: Ink cartridges are really expensive, especially when people are frequently printing. Instead of buying brand new ones, buy recycled. It will save you money and you’re more eco friendly.
- Reevaluate Your Medical Insurance: Medical insurance is a big expense for businesses. Don’t leave picking a policy for the last minute. Really research your options and see if you’re getting the best bang for your buck.
- Hire Temporary Employees: If you know you’re going to have a busy season coming up, but won’t need employees after the busy season ends, then hire temporary employees.
