5 quick tips to save money in your business

Save money in your business, it’s something every business owner loves to hear. No one goes into business to lose money so finding new ways to save those pennies really comes in handy when balancing the books. So, we’ve compiled a helpful little list of simple things you could be doing right now to save money in your business.

1. Make use of the freebies

There really are some amazing resources out there for absolutely nothing! Whether its free educational material like online courses or free software to download, it’s an easy way to save money and still run a great business. Need to make your marketing look professional but don’t have the budget? Sign up to Canva, it’s a great free site where you can create professional looking marketing materials such as content for your social media channels, email headers, flyers, posters or even presentations! Need royalty free images for your website? Head over to thestocks.im and browse all the images you need. They are free for commercial, personal, and for editorial use, plus you don’t need to ask permission from or provide credit to the photographer. Making use of free resources can really help any business to save money quickly.

2. Make the switch with energy suppliers

This can be easily missed by business owners when thinking about saving money but it really can help in the long run. No longer do consumers stay loyal hoping to get a better deal because they haven’t jumped ship. It’s time to up your game and get savvy about switching. It’s a common misconception that it’s a big hassle and takes a lot of time. Once you’ve done it, you won’t believe that it took you so long to take the plunge. Simply head over to a free, online business energy comparison website to compare tariffs and help you switch. So shop around and flex those bartering muscles, there’s money to be saved!

3. Go paperless

There are so many advantages to going paperless in your business, not to mention being kinder to the planet. Making small steps to go paperless means your office costings will come right down. This means less paper, which means less printer ink cartridges, fewer postage supplies which in turn creates more space for you and your business. It also makes your operation much smoother. No longer will you have to trawl through files and files just to find that one piece of information. Storing all your important files digitally means ease of access and saves you time. And we all know time is money.

4. Buy used office equipment

It’s so easy to want to make your business ‘look the business’ in its start-up years but we haven’t all got googles office equipment budget. One way to save money is to buy used office equipment. There are plenty of sites online where you can find exactly what you need. Or, find a local used furniture store to furnish your office. Alternatively, look on your local buy and sell page on Facebook and you’re bound to find a bargain or two. Leave the ping pong table and and expensive bean bag chairs until you start making some serious dollar.

5. Use a broker to find you a business loan

There are some things you can cut corners with, but finding a good business loan isn’t one of them. With a wide variety of finance products available such as unsecured business loans, invoice finance and asset finance to name a few, it can be challenging for a business to find the right deal. You definitely need to use a great business finance broker to find you the product that’s tailored to your exact business needs. Getting advice from someone who is qualified means you get the best deal possible and in the long run, really will save you money.

So, get going with these really easy steps by implementing them in the day to day running of your business and start saving money today.