It doesn’t matter if you are running a big business or a small family owned franchise, smart owner’s need to keep an eye on their operating costs. Not the costs for running the businesses service,s but the administrative costs associated with running the office. If let unchecked, these costs can quickly add up.
If you operate a business or manage an office, below are some easy to implement ways to reduce your administrative operating costs.
Lose the Brand
Do you know the difference between writing your office notes with a pen that has a popular brand name on it and one that has the name of your office supplier? About 75c per unit. This is the extra costs that you are paying just so that you can see a familiar brand name on your pen.
If you order through a stationery supplier then you will find that they offer their own brand of stationery items which likely match the quality of the brand names they provide. Swapping your stationery to a supplier brand is the single easiest way to reduce office costs.
There Are Zero Reasons to Pay Full Price for Flights
Do you know why they charge businesses more for flexible tickets? Because they can and because, until now, you have been paying. If you buy a business grade ticket and the plane is late, you are still going to be late. You will just be late holding a more expensive ticket than the person standing next to you.
Speak with the people who manage your travel bookings and ask them to switch to regular tickets. While it may mean a few more minutes for them to get through the booking process and make sure you have the added items that you need, it can save you serious cash on your travel.
Accommodation Is the Same
The same tip applies to your business accommodation bookings. Instead of booking with the hotel themselves, first, check the Groupon Coupons page for Booking.com to take advantage of cost-effective deals in the city you are visiting. Often you can reserve and stay in the same quality of room that you would usually expect for a fraction of the cost.
Bundle Your Telecommunication
Over the course of your operating, your business has likely accrued telecommunication products from a range of suppliers, may of which are coming to the end of their contracts. Sit down and review all of the electronic devices in your company’s portfolio and see where you can merge suppliers. The ideal goal is to wrap all of your telecommunications services into one bundle.
By doing this you can reduce the ongoing price of each of your devices, along with favorable upgrade agreements.
As you can see from these four days, there is a multitude of options for you to reduce your ongoing business costs, you just need to pay attention to the details. If you notice that your office budget is getting a little high, consider these tips along with taking a long hard look at each of your line items to see where creative cuts can be made. If you get stuck with ideas, consider that the money will come out of your own pocket. That’s often the best way to get those creative cost cutting juices flowing!