Ways Your Business Can Save Money

Reprinted
from http://www.SmallBusinessNewz.com
|  By Abby Johnson, Staff Writer

Every business likes to save money,
but when it comes to what
should be cut to save the money; many businesses are at a loss. So, before you
make the difficult move to cut budgets and maybe even staff, think about ways
you can cut your office expenses.

As pointed out in this video,
you would be surprised at how much money can be saved just from your office
alone. Business consulting expert
Ken Gaebler of Gaebler
Ventures
said that office expenses can amount up to as much as 5 percent of
total revenues for small businesses.

He went on to say, "Every
dollar you save on office expenses is a dollar that can be used to grow the
business."

In order to cut your office costs, you should consider operating virtually
as much as possible. The Internet provides numerous ways to communicate, which
makes the idea of running a business virtually feasible.

Secondly, try
re-negotiating your lease
. Since office vacancies are currently
on the rise, landlords are willing to be flexible to keep their tenants and
keep them happy.

Thirdly, you might want to think about sharing
your office space
with another business. This could also be an
opportunity to increase your sales by working closely with a complimentary
business.

 

The
fourth way you could reduce costs is by utilizing
economic development zones
. Some communities have these areas
which offer tax deductions along with other perks. If your town does not have
these zones, contact your city officials.

Lastly, you could try finding
short-term rentals
. The advantage of short-term rental
properties is that they eliminate being locked into a long-term contract. If
you have a week-to-week or month-to-month agreement, you wouldn't have to worry
about your contract if you needed to take a drastic measure, such as
downsizing.

You can also cut costs by utilizing used furniture and using energy efficient
light bulbs. In addition, businesses can save on printing, ink cartridge,
postage, and telephone expenses by enforcing electronic communication and
storage.

Businesses Increase Capital Investment Plans

As the economy continues to improve, an American Express OPEN survey shows nearly half of all business owners are planning to make capital investments in their companies. According to respondents, the focus of their capital spending will be on technology, including updated computer systems and software. Additionally, 28% of those surveyed reported that they expect to hire new employees this year, up from 23% last fall. However, most business owners are only looking to hire part-time employees or freelance help.

While business owners appear willing to invest in upgrades, they remain pessimistic about a rapid economic recovery. Roughly 30% of respondents feel the economy is negatively affecting their business, while only 18% believe the economy is actually improving.

Two out of three business owners surveyed say the economy has forced them to cut costs, while 70% of respondents acknowledged plans to exact cost-cutting measures in the next six months. About 40% of those surveyed say the economy is keeping them from spending money on advertising and sales. Finally, the youngest entrepreneurs are the most hopeful right now, with 72% of business owners aged 19 to 29 saying they feel optimistic about their business prospects and the economy.

Reprinted from ASIpromogram 04/22/2010

A Quick Reminder about CEShoppes Security Measures

Now that we are getting busier as businesses loosen up their spending I would like to take a minute to remind you that you should be careful with how you deliver your credit card to us, or anyone else you may be doing business with in the future.

 

CEShoppes has an encrypted fax number just for our customers. Your emails with sensitive credit card numbers can only be opened with a password by one of our authorized staff members. If you put your credit card information in an email (either scanning in our forms and then emailing them to us as an attachment, or actually typing it in your email), you are putting your number at risk.  There are many times an email from  a customer does not reach us for some reason or other (incorrectly typing in our email address, falls in to our Spam box, etc.). If you accidentally send your email to the wrong address or it gets redirected by unscrupulous people, you or your boss (if it is their card) will have to go through the hassle of cancelling the card and waiting for a new one – and this could also lead to the possibility of identity theft.

 

REMINDER: PLEASE fax your payment information to us through our encrypted fax. If you feel you would rather call and give us the number and then just send your signature on our order forms, we can do that too. We want your experience with CEShoppes to be a great one!!