Saving Tips

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,