ArtShine

Running a business isn’t just a one-way trip to making money. There are a lot of costs that pile up, sometimes in unexpected places. Before long, you might find that those costs are getting far too cumbersome and start looking to make cuts. However, often there’s no need to go quite so drastic and scary as looking at your staff. There are a lot of ways to cut costs down in the workplace. Each step might only save you a little but adding them up can make a big difference.

Track every penny

The first thing you should be doing is knowing where every penny you spend is going. Not cost should be entirely negligible. You might not like the idea of being such a stringent boss, but it can top yourself from making the big, hard decisions down the line. Learn how to track your cashflow  process and be prepared to notice how your costs go up and down.

 

Track your penny

Image

Cut those energy costs

Being more energy conservative in the office can save you a lot of money in the long run. Pay attention to how much lighting you use and how often it’s on. An energy audit can be a short term cost but dramatically decrease the amount you’re paying on your annual energy. When away from desks, use the hibernation features on computers and laptops. Little by little, these savings can make a big impact.

Trademan

Image

Update your hardware

The biggest savings you’re likely to get when it comes to bills are the costs of running the big pieces of hardware. For most office spaces, this means air conditioning units and heating systems. Replacements from Actron Air are more likely to be a lot more efficient than older systems. It’s the same with heaters, but insulation can often help these just as much as replacements.

Stationery

Image

Pay invoices early

If your business relies on the services of other companies and pays by invoice, there is often a lot of benefit to paying early. In fact, to ensure prompt payment, a lot of businesses will give percentage discounts on payment if you take the initiative and pay early. It might not be a lot in most cases, but as we keep stressing, it all adds up.

Image

Screen Shot 2016-02-19 at 8.53.31 am

Sub-let that unneeded space

Do you have more office space than you have need of? Even if you’re not providing power to these parts of your office, you’re still paying rent and getting nothing in return. Change all that by finding small businesses that can use that space. Sub-letting is a great way to mitigate the costs of rent. Just make sure your businesses are compatible so you don’t get in one another’s way.

Global

Image

Go paperless

Paper storage is going to cost you in a lot of ways. You have the paper itself to consider. The printer, toner and ink to print it. Then all that filing space you’ll need to store it all. You might find it impossible to go completely paperless, but taking steps to get more and more digital can save you a lot of money. Just make sure you have a system to backup everything.

Want to  learn more?

It’s as simple as 1… 2… 3…

  1. Just starting outCLICK HERE
  2. Been working in your business for two years or more? CLICK HERE
  3. Try coworking at CoSydney – Check us out! Book a FREE TRIAL DAY

We’re here to help you to take action just like we’ve helped  thousands of other entrepreneurs, artists, designers, and creative professionals all around the globe.

Now is the time to let your passion SHINE.

Now is the time to Make Tomorrow Today!

To your success,

Vinh Van Lam & Stuart Horrex

Your Coaches CoSydney & ArtSHINE

 

 

 

 

 

About The Author

I am a Business LifeStyle coach who specialises in working with artists, designers, crafters and all creative professionals. Myself and my partner Stuart Horrex are here to help you to achieve your Life & business goal and dreams. We have had over 20 years experience in finance, retail,furniture,food,wine fashion,crafts and hospitality.

Leave A Response