Now that you are past the holiday sales rush and fully into the swing of the new year, you should have a strategy in place already to save your business money through your budget.
If you haven’t prepared your money-saving strategies yet, don’t worry. There is still plenty of time to start saving on expenses and increase your profits for the year! Here are a few tips.
Save the Lights
The lights in your office, retail store, or warehouse may not be on your radar during work and off hours. However, when the lights are on and not in use, it wastes money. The first step is to install energy-efficient fluorescent bulbs in your lighting fixtures. These bulbs can last up to 10 times longer than standard iridescent bulbs.
Part two of saving the lights is installing motion sensors in your building spaces. These can be set to automatically turn off the lights when no motion is detected in a room. These little steps can have a dramatic effect on your electricity bill.
Turn off Computers
The computers your employees use drain a great deal of electricity as well. Be sure to set a policy to shut down all computers before employees go home.
Reduce Interval of Office Supplies
Do you end up buying pens and paper clips every week? Take the time to buy supplies in bulk purchases to save on your overall costs. That may mean finding a suitable and large enough storage cabinet or room, but buying more at a time can save you considerable cash.
Rent Your Extra Space
Do you have an extra empty office? Or even a corner of a warehouse? Your unused space could mean dollars in your pocket when it is rented out to others who can use it. Simply renting an empty office could bring in $100 to $500 a month, which can help pad your bottom line. An empty space is a wasted space; put yours to good use.
Utilize Your Community Involvement
You can save on your advertising or promotion budget simply through the contacts you make through your community. Get involved with the local Chamber of Commerce. Join the Lions Club. Get involved with other business organizations where your network of contacts draws business to you, and you may find that word-of-mouth gives you the best ROI.
