Skip to main content

Five Unique Ways To Save Your Small Business Money


Unsplash


If you want your business profits to grow you’ve got to be on the lookout for ways to cut costs. To start making progress today, check out these five unique ways to help your small business save.


1 . Check Out Grants 


Small businesses and startups don’t always have a huge budget, and so saving money can be quite the challenge. If you’d like a little more money to play with, consider applying for a small business grant.


A number of organizations offer grants for small companies and startups. Check out options like The National Association Of The Self Employed, The Visa Everywhere Initiative, and Nav’s Business Grant, and The Patagonia Grant.


2. Re-think Your Budget


If you’d like to save your small business money you’ll have to re-think your budget. Go through every one of your outgoings, assess any categories where you might be overspending. Use the information you find to brainstorm money-saving ideas. Whether it’s negotiating with your suppliers, or reducing your advertising budget there are lots of ways to cut costs.


There are several small business tools that can be useful for forecasting and budgeting. A few platforms include Vena, Planful, or Oracle Planning Cloud.


3. Inexpensive Advertising


One of the best ways to save money is to look for inexpensive ways to advertise yourself. There are many options including:


  • Use social media marketing for ads, posts, user targeting, and analytics.

  • Create a YouTube channel, use live streaming or webinars.

  • Focus on user-generated content.

  • Write your own blog, with the help of your employees (instead of outsourcing).

  • Focus on local SEO to generate leads in your community.


4. Green Changes


By going green you can protect the planet, improve your reputation and save money at the same time. There are lots of ways that you can help your business to go green, including:


  • Reduce your paper usage or stop using paper altogether, (cloud-based platforms can eliminate the need).

  • Consider becoming a fully remote operation, removing the need for a physical premises.

  • Improve your recycling policies and switch to renewable energy.


5. Cost-Effective Business Platforms


To support your business platforms you’ll need several different types of technology and software. The good news is, many platforms are cost-effective, helping you to save money. To get a few ideas, consider these:


  • AirWallex: With the help of this financial platform you can benefit from inexpensive transfers and low fees. Businesses can send money to Europe, without paying over the odds. Using AirWallex you can receive payments in 11 different currencies, and integrate with the API suite.


  • Hubspot Marketing Suite: The Hubspot marketing suite is an all-in-one marketing solution for businesses. Using this tool you’ll benefit from CRM software, email marketing, analytics, and more.



As you can see, there are many options to help your company make savings. Once you review your budget you should have plenty more ideas. Saving your business money can open doors, whether it’s investment opportunities or developing new products. To learn more about growing your company check out tips for small business owners.





Comments

  1. Good tips! How are you? Hope u r well.

    ReplyDelete
  2. Aha! An update! Many "small businesses" these days, so many people making and selling something from home. They may need a few tips here and there.

    So how are you getting on? The extended silence is really very worrying. Take care there! #staysafe #staywell #stayhome

    ReplyDelete
  3. Word of mouth is the best inexpensive advertising.

    ReplyDelete

Post a Comment

Thank you, readers!

Popular posts from this blog

Chinese New Year Reunion Dinner At San Jose 2022

TABLE FOR FOUR... We had our own reunion Chinese New Year dinner on Monday evening.... we made a simple one, just hot pot at home.  All we have to do is to clean the vegetables, get everything defrosted... and the hot pot boiling with a packet of seasoning.  They sell a lot of hot pot seasoning over here, from tomato soup to shrimp and chicken soup, I just threw in the whole packet of paste.  No doubt not so healthy but it is so easily done....  As usual, Chinese New Year won't be CNY without a plate of Loe Sang...  No crackers so I put in a few pieces of Tacos... LOL... Most important is the sauce....  The apricot, plum sauce and honey makes it right.... And our dishes for the evening..... We ate too much shrimps the day before so we omitted for this evening.... Simple and yet satisfying meal for our Reunion Dinner....

My White Elephant

WHITE ELEPHANT.... still laying on my table for two months I think....   My friend groomer is not free these days, my poor Labby badly needs her hair cut and leaving no choice, I ordered the grooming shaver online.  I thought it would be easy to install the shaver to the appliance and till today, I am still at my wits end on how it is fixed.  My friend gave me a tip... check out the Youtube, she said.  Yeah, how come I did not think of that.....  But till today, I have not even touched it and my poor furry member will have to wait till this Mama has her right mood to do it.   My own hair also badly needs a hair cut and with the high Covid cases each day, I guess I have to tolerate for another month with my unruly hair..... or perhaps I can make use of this clipper on myself before I use it on my furry member!  LOL.... Crazy me! Still standing nicely on the table....  Still looking at the gadgets.... and not doing anything about them... I am happy with this dish....  Better looking afte

Two Dishes One Soup Dinner

AUNTIE'S SIMPLE COOKING... for dinner on one evening.... Defrosted a piece of cod, my last piece in the freezer besides another few more pieces of other types of fish.  I think I consume the most fish this year, never bought so many types of fish before.  Maybe it is made easier for me this year cos of the online shopping at Gracious, cleaned, vacuumed and free delivery above RM50.   My last piece of cod.... A plate of greens called Yau Mak...  Not so sure what it is called in English And chicken herbal soup....  My complete meal for one evening....  As usual, I do not take much rice... Or perhaps I did not take rice at all for this meal....  LOL...