Tips for reducing cost in your small business: * Use of technology - online payment services, remote desktop applications, teleconference services * Try ditching your landline - use cellphones with bundled packages or internet calling * Go paperless - use digital invoicing and bill payment systems, maintain a virtual filing system (in addition this helps the environment) * Use Online Marketing - cost effective and has more potential to capture the attention of the customer * Use budgets - create and stick to a budget * Explore an alternative place of business - virtual office, co-working arrangement, home-based business * Look into bartering (cashless exchange of goods and services) - eg. trading accounting services for marketing services While each small business is different, the above tips can work in any business. Call us at Lezara Consultancy Services if you require any help in implementing these!
Posted on: Thu, 04 Jul 2013 15:17:47 +0000
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