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Feeding the Piggy Bank: Tips for Saving To Grow and Expand Your Business

Photo Credit: Bottom Line Business



Using a scrolling LED sign keeps your store attractive while putting in a little more on your piggy bank. But are you looking for more ways to create savings for your business? Then we’ve got you covered.

Here are a couple more tips on how to save on costs to grow your business:


  1. Bring your advertising and marketing efforts to the web
Aside from proving to be way cheaper than traditional television and radio marketing, bringing promotional efforts online can also allow you to reach more of the right people. Utilizing the right medium of communicating online can certainly produce the greatest return for your minimal investment. Not to mention the capability of this platform to produce measurable and real time feedback on your campaigns.

  1. Outsource ‘em up
With the current condition of the global economy and the increasing prominence of the internet, outsourcing different business functions have been steadily gaining popularity. Aside from the manufacturing of goods, other functions such as accounting and marketing to name a few are now being outsourced. This alternative creates big savings in many ways. Business owners like you can not only save on office space but on the salaries and required employee benefits as well. A good number of small business and freelancers alike offer a wide range of services.

  1. Get the right office tools
Getting a top of the line printer may add to the professional image of your company. But do you really need high powered office equipment? If your business only requires the performance of basic administrative tasks, it is best to get equipment that has two or more capabilities. Printers that double as copiers are great energy savers. More often than not, multi-functional tools have an energy consumption level of one equipment only so they provide tons of savings for the electrical bill. Make sure to choose energy efficient units. Unplugging office tools when not in use is a great practice as well.

BONUS TIP: Try telecommuting
This is another must-try saving tip for any business. Telecommuting, simply put, is remote working. In this set-up, employees are allowed to work from home or any other venue of their choice as long as they are able to accomplish assigned tasks. Telecommuting saves both business owners and employees their precious time by avoiding physical traffic. Modern technological devices such as computers, laptops, tablets and the internet are used to synchronize office work despite the physical distance of one employee to another.

Are you saving enough for your business?

Share with us your financial management tips and other saving tricks that keep your business growing. 

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