Saving Money For Your Business

It is no secret that the economy is tough right now especially for small businesses and their owners

. With the economy slowed by the financial crisis and the recovery slower than we had hoped, times are tough all around. It is for these reasons that it is now more important than ever to save money for your own business. Of course this is what every one wants to do and every one is talking about, especially business owners. So if you are interested in some strategies to save some money in your own company, read on to get some great tips.

Software

Software is a huge expense for many businesses. From the cost of an operating system, office productivity software, networking systems, content management systems, communication tools, and so on. These costs can easily overwhelm a business if they are not careful. But the good news is that there are plenty of free alternatives out there. It is just a matter of gaining a bit of extra know how and a bit of extra work. For operating systems, Linux is a good free choice. This open source operating system provides power and flexibility at the cost of a bit of compatibility and usability. Linux is also a viable system for server software as well, and can even be used to run phone systems. For office productivity software, there is the Openoffice suite and Google Docs as well. Both are powerful and have plenty of features that any business can appreciate. For content management, there are many great options from Google sites to WordPress.

Perks

It is easy to get carried away with adding extra perks like coffee service, business lunches, office retreats, training and motivational seminars, and other expenses. While these things are nice, and employees appreciate them, it is easy to go overboard. Instead of having an office party catered, why not have it be a potluck instead. And buying coffee in bulk is far cheaper than coffee service, and can be just as good. You do not have to hire an expensive guest speaker when you can find plenty of motivational videos online for free. If you get creative, you can easily save on some of these things without missing out too much.

Hardware

Computer and other electronic hardware can also be a huge financial drain on a company. There are computers for every employee, be they laptops in the field or desktops in an office and then there are printers, copiers, time clocks, and servers and other network equipment. Hardware can also include things such as vehicles, power tools, and other heavy equipment. To save on these types of costs, it is always a good idea to buy used or refurbished equipment. One example would be a construction company could save money if they buy used generator sets which would save money over a situation where they would buy new generator sets instead.

by: Max Stanford

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