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10 Tips to Save Your Small Business Money

Author: Hgh York
by Hgh York
Posted: Nov 15, 2017

Running a small business in the UK’s current economic climate is more challenging than ever before. If you’re a business owner or entrepreneur, it’s only natural that you want to save money wherever possible. There are some easy tips that any small business can take on board in order to cut operating costs and save money.

  1. Shop Around for Low-Cost Advertising

Cut out traditional advertising and stick to low-cost online alternatives. Focusing on inbound marketing using SEO techniques and ensuring your business has a presence on social media can all work to your advantage.

  1. Use the Cloud

Rather than paying for expensive hardware and software, use Cloud based servers to host your data and cloud based software. discuss your goal with Chartered Accountants York.

  1. Embrace Remote Working

Although it’s not possible for all businesses, remote working can cut your overheads. Running a business virtually means no office space or operating costs.

  1. Reduce Working Hours

If you can cut employees hours down to a four-day week, you’ll save money on salaries, utilities and operating costs – and you may find your staff are more productive too.

  1. Hire Interns

Hiring interns can help to cut your operating costs. For example, use marketing interns to build your social media presence and you don’t need to pay a full-time member of staff.

  1. Buy in Bulk

Stock up on office supplies online or at bulk warehouses to save on product and shipping costs, especially for frequently used items like printer ink.

  1. Keep it Open Source

Every business needs software, but before spending hundreds on new software, look for free open source alternatives.

  1. Barter and Trade

When cashflow is low, you can offer your services or expertise in exchange for the services you need, such as web design in return for SEO help. reduce your tax liability with help from Accountancy York.

  1. Cut unnecessary expenses

Free staff lunches, client coffees or daily bagels can eat into your budget – cut back and instead keep those office treats for Friday afternoons. take more tips from Accounts York.

  1. Minimise Meetings

Meetings have a tendency to be overlong and often unnecessary, not to mention expensive in terms of billable hours as no money is being made whilst you’re meeting. Keep agendas lean and minimise the number of meetings you have a week to save money.

There are plenty of ways to save money when it comes to running a small business, and when it comes to accounts York-based accountants like Hunter Gee Holroyd can offer business advice that helps you to save money and grow your small business.

About the Author

Brook Jones is popular for writing in various styles and covering all form of categories!

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Author: Hgh York

Hgh York

Member since: Nov 15, 2017
Published articles: 1

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