Paying Rent is more than their regular income:
What I observed in my experience, every small business owner is basically suffering
to pay rent to their premises. In my consultation they are saying that 15 days
of their income is going to pay rent only.
Instead of rent It is better to pay Lease amount :
It is un-digestible situation. In open competition… without having knowledge,
experience and commitment some are coming into business by paying high-rents,
that is giving effect to other business persons also. To avoid this only one
way is better to come to lease for 5 years or 10 years something at a stretch.
Take to Lease with agreement: Before the lease time
if they want to close, is better to give that time to another person for certain amount.
Suppose if they continue… they can gain experience and gain something… then go to
their own premises.
Come to own premises for small business, if availability is there.
Saving tips in other ways:
Energy saving is most important. Instead of Electricity, nowadays Solar Lights
are coming… by that we can save 50% of electricity bills. Regarding Gas Saving…
nowadays so many electronic stoves are coming, micro oven is also another safety
way for miscellaneous usages.
Ethics: For suppliers… it is better to pay in time.
If sales is not there, you can convince to supply small units. If your word is sincere,
they will deliver in-time without taking money in the initial stage. If you lose the
word of commitment, then you will not get anything without-price.
Cutting advertising costs: Advertising is must
for small units, but is simple & apt. Not too expensive. Some business consultancy
companies reducing their costs through their Mobile-driven “YouTube” videos about
their services and procedures.
Do Right investment in Office supplies:
I observed some places they will have good office, but they will not have stepping
Ropes for stepping into their office. All will not come without Ropes. By not
having Stepping-ropes… they lost so much of business and mood also.
Outsourcing: is better if you are facing
any time heavy work load. Nowadays so many freelancers are
there to tackle your work.
Reduce Postage & Courier Charges: Utilize Mobile
services for communication. If business is increasing call them to your office for
taking Offer Letters and Appointment orders.
If business is increasing: Better to deploy
part time jobs from home, for regular emailing, routine works etc., it gives a massive
time saving and space saving also. Put them Slots even to come to office also randomly.
Current Saing: Provide Bikes to office boys
for miscellaneous, for dropping to colleagues and nearby utilize bikes only instead
of cars. It reduces so much of fuel saving. Day time utilize fans only. Better to
switch off Tube lights from 11am to 4pm. Instead of those utilize LED Bulbs; it
saves so much of current consumption.
Save money in business process:
Economy is becoming toughest day-to-day, think over in every aspect to save money,
that finally saves your long-run business indirectly. Have your won trials to save
money in all means.
Wishing you all the best,