Are you looking to cut costs at your place of business? Which business owner isn’t, right? In our last blog, we highlighted the fact that going paperless is an easy way to save money and improve a company’s bottom line. However, that’s just the beginning. There are numerous areas where cost-cutting can be accomplished. You don’t necessarily have to sacrifice any essentials.
Here are four simple ways for small business owners to cut costs and boost profits:
1. Reduce your energy usage.
How often have you entered the restroom of your place of business to find it empty? Were the lights really necessary during the time no one was using the area? Invest in motion detectors that turn lights on or off as needed. Using these in rooms that aren’t always busy is a key way to cut down on energy costs.
As well, use LED lighting. As Better Homes BC informs us, “LED bulbs save money because they use at least 75% less energy than incandescent lighting and last a minimum of 15,000 hours, or 15 years based on average household use. This life span is about 15 to 20 times longer than incandescent lighting, and about three times longer than CFLs.”
2. Have a chat with your suppliers.
Are you getting the best deals on the inventory your order? Is there any way to lower the costs on your shipments? By building strong relationships with your suppliers, you can have these questions answered in the positive. Reach out to them to have some heart-to-heart conversations about your business needs. Discuss such options as bulk purchase discounts, loyalty programs or extended payment terms.
If your current suppliers simply can’t be flexible, it’s time to consider shopping around for other vendors. They may be able to offer you competitive prices without compromising on the quality of the goods.
3. Consider remote work options.
This is something that the Melo Technology team has been practicing for some time now. Thanks to the wonders of cloud-hosted services, we can easily communicate with each of our team members using various digital devices. Can your business function in a similar way? By allowing your employees to work remotely, you reduce the need for office space, office supplies and even rent.
By the way, it’s no small deal that remote work is known to boost employee satisfaction and productivity. When you provide your team members with greater flexibility and work-life balance, you work to significantly reduce employee turnover. This saves you a ton of dough on the hiring and training process.
4. Utilize Cloud Softphone.
If you have signed up for Melo Technology’s cloud-hosted Commercial Phone Services, you may register your extension to the Cloud Softphone app for FREE! This SIP-based softphone empowers you to make and receive calls over Wi-Fi or cellular data, preserving your personal cellular minutes.
You will also gain the capability to make calls using your company’s official caller ID and effortlessly reach co-workers through extension-to-extension dialling. All of this is wrapped up in a sleek and user-friendly interface! For more information about Cloud Softphone, please don’t hesitate to give us a call at 1-888-MELOTEL or fill out the form on our Contact page!
