How To Save Your Business Money

If you run a small business you’ll be keen to grow and boost your profits. It can take a little while to expand your business, during the early stages startups need to save money where they can. For some simple ideas to save your business money consider a few of these.

How To Save Your Business Money

1. Save on marketing

If you’re keen to save your business money, there are plenty of ways that you can save on digital marketing. Instead of hiring a marketing consultant, save money with DIY marketing. There are lots of things that you can do, including:

  • Promote yourself using Facebook and Instagram.
  • Create video marketing content & post it on You Tube.
  • Write your own blog posts.
  • Set up a Google My Business Listing for the purposes of local SEO.
  • Run online events.
  • Offer to guest post for industry websites.
  • Promote fellow business owners, (in the hope that they promote you back)!

2. Try free software

When you’re running a business, technology is your friend. There are so many different software options available whether you’re looking for content creation software, project management tools or a CRM platform. Make sure you check out free software before you pay for anything, there are plenty of choices out there. Here are a few ideas to get you going:

  • Mail Chimp (email marketing software).
  • Click Up (project management software).
  • Boiko (accounting software)
  • Moz Cast (seo software)

All of these tools have plenty of excellent features to support your business operations. Before you invest in expensive tools it’s certainly worth checking out the freebies.

3. Compliance issues

To avoid penalties and fines your businesses need to adhere to certain rules. Businesses must comply with the appropriate tax regulations, and customs regulations. It’s not uncommon for customs regulations to change, depending on the country that you’re trading with. To help you keep things above board, it’s best to work with a customs broker. These professionals can help your company to avoid penalties, and potentially reduce shipping costs.

4. Go green

Another great way to save your business money is to keep things green. Running a more sustainable business can help you to save in many different ways. Here are a few ideas:

  • Switch to a renewable energy provider.
  • Stop using paper and go fully digital.
  • Reduce your electricity usage where possible.
  • Purchase second-hand equipment to make savings.

5. Review your budget 

To save your business money it’s vital that you review your budget. By taking a close look at your budget you can see exactly what you are spending, and ensure that you’re not wasting money. Your budget can also help you with your forecasting, planning for the future is a great way to improve your financial health. To help you get organized you might consider using budgeting and forecasting software. These tools have a range of handy features, to help you get on top of your businesses finances. A few software options to consider include Float, Scoro, Xero and PlanGuru. All of these have a range of different tools to help support your business finances.

6. Apply for funding

Saving money can be pretty tough, especially if you’re a small start-up. If you’re looking for an income boost, consider applying for a grant. There are plenty of different small business grants, most of which have a simple application process. You might like to check out the FedEx small business grant, the Visa Everywhere Initiative, or the Patagonia grant.

There are plenty of opportunities for small businesses out there, all you need to do is look in the right places. Keeping an eye out for grants and funding could help you to improve your finances.

7. Work remotely 

Since the start of the pandemic, many firms have embraced a remote work structure. If remote life has worked particularly well for your business, you might consider giving up your physical office altogether? Becoming a remote operator can help you to save plenty of money. With the help of technology, there’s no reason why remote work should negatively affect productivity. Infact, many studies have shown that working remotely can in fact boost productivity.

Simple tips like these are just what you need to start making savings. Saving money is a great way to boost your cash flow, and improve your financial health. It can be useful to set financial goals for your business. These goals could relate to saving money, investment opportunities, or boosting your profits. With the right financial goals in place you’ll soon start to make progress.


6 Ways To Use Tech To Boost Productivity

Whether you work in an office or from home, you’ll likely find yourself getting distracted from time to time. Maybe it’s the noise from the street, the keyboard that you’re typing on, or your laptop running out of power. Whatever it is, these pieces of tech can help you to boost your productivity by removing the distractions (or helping you ignore them). Good luck! 

Image Source:- Pexels

1. Step away from the power outlet  

Unchain yourself from your desk and be truly portable with a portable laptop charger. We know it can be a pain to keep all your devices topped up while you’re out and about and with a portable laptop charger, you don’t need to sit on the table next to the power outlet in a coffee shop anymore. So, you can boost your productivity by being outside, or away from a power outlet, and still working. 

2. Get focused 

Drowning out background noise (be it the builders next door, the washing machine, or noisy conversations) can be the key to productivity. That’s where headphones step in. Pick up noise-canceling headphones if you need heavy-duty cancellation, or consider airpods alternatives for a light, wireless experience. 

3. Blur out the distractions 

If headphones don’t cut it, pick up a white noise machine to truly get into the zone. Using different sounds, you can blur out the outside world and get focused on the task at hand. While they’re normally used for sleep, they can totally be repurposed for the daytime. You may find they’re most useful when you need to really concentrate for an hour or two, but then you can turn it off for the rest of the day. 

4. Get connected, wherever you are 

Maybe you like to work in the garden, away from your router. Or maybe you enjoy working in a building across the street that has bad internet. Whatever the scenario, a Wi-Fi hotspot can free you from the stress of finding a good connection. Just pack it up in your backpack, and you can enjoy great wireless internet wherever you are. 

5. Go large 

Picking up a large, high-resolution, 4k monitor can make the world of difference to your productivity levels. A clear display can help you focus more on the task at hand, and is perfect for video conferencing and gaming alike. You’ll be surprised at how much more you can get done when you can see everything more clearly. Sometimes, bigger is better. 

6. Office-ready kit 

Turn your mobile phone from a handheld device into an actual office phone with plug-in solutions. Not only does it allow you to be more productive – typing with one hand is easier, and it’s always in the same place – it can remove a huge distraction: aimless scrolling, Talking on a larger, corded phone can also be more comfortable, and get you into ‘work’ mode for increased productivity. 

Hopefully, this has given you a few ideas on what tech can help you boost your productivity levels.


Technology And Customer Awareness: Leverage For Business Success

The same is true for all businesses. If customers don’t know about them, about what they do, who they are and how they can help consumers or other businesses, then they aren’t going to garner any sales or stamp their authority in their marketplace. So, how would a business get into the faces of those most likely to purchase from them? Technology is a great tool in this regard and can really help you make significant strides in your exposure strategy. Although all industries differ in their methodology, these tips can help twist your perspective into one which can leverage customer awareness tech and strive for further business success.

Appear Professional And Handle Requests Fast

One of the best ways you can get in front of other customers is by word of mouth. The only way this is going to happen is where you serve people with speed and efficiency, and that they’re left incredibly happy by any results. This means you need to use tech to be as productive as possible. It might be you need IT Support to get the best out of tech to serve customers, but it’s just about setting yourself up in the best way possible so that tech supports your business, not that you’re merely buying tech to ensure your business looks good. If customers see you’re using tech to give them the best service possible, it’ll appear professional and future-forward, giving them a reason to tell family and friends about you.


Ensure You Use Different Languages On Your Website

If you’re looking to push your brand global into other countries, you need to ensure that your website is readable in those languages. There’s some great Tech to help translate it for you, like Google Translate. However if you’re looking to do business in Japan, you may want to hire a translator to iron out any kinks. You’ll want to appear serious and professional and having strange translations doesn’t give that impression…some of the harder languages to master may not translate perfectly when using technology.

Get An App

Apps are becoming increasingly popular among retailers. Insead of consumers loading up the webpage, they’ll instead load up the app. A dedicated resource for one given company. Apps can also be a bit faster than buying over the phone or internet. Having one built bespoke for your brand might be a little expensive but it shows customers that you’re a modern business tapping into the needs of the consumer. Opening your products and services up via an app, on both Android and Apple devices, allows you to appear to a wider range of customers no matter what your product niche is.

Use Business Expertise

You want everything to run as smoothly as possible, so leverage other businesses and their tech advancements so that your business looks good. For example, selling through Amazon means you get to use their distribution and warehouse storage system. Backpacking on other tech expertise allows you to hit other areas and push your product under the nose of way more people far more consistently.


As A Business Owner, Are You Missing A Trick?

When you get an idea for a business, you can feel so consumed about the possibility and opportunity you have in front of you. It can be exciting to spot a gap in the market, motivating to know that you can do something better, and often once you have nurtured that idea for some time, you eventually take the plunge to make it your reality.

The big thing is getting started, and for some that means keeping your daytime job and working in your spare time before you get to the stage where you can leave and make this company your full time position. To get to this point is an achievement, but as an entrepreneur you only want to move the business forward and drive the success. So are you missing out on anything that could benefit or help protect your business? Here are some of the things to think about.

Ensuring your business is protected

One of the first things you want to do is ensure that your business is protected, both physically and also digitally. There are so many threats to deal with these days. You have the threat of opportunists, and you have hackers wanting to step personal data or destroy documents within your software systems. So making waves in protecting your business can be done, with security alarms and features externally and also wising up to cyber security for computers and software.

Do you value your time appropriately?

The next thing to think about is your time, and whether you value yourself at the level that you should do. As a business owner, it can be very tempting to want to do everything yourself. If you want a job doing right, then you do it yourself, right? However, the truth is you can’t do it all, and so you may want to think about ways that you can value your time efficiently. For example, you may want to think about outsourcing your IT systems and management, and often reading company case studies/ success stories can give you the encouragement that you need to take that plunge and try it yourself. There are other areas of the business that could also be outsourced, freeing up your time to make a difference where it matters for you most.

Could you expand your business further?

One of the things you might want to think about is whether or not you can start putting plans in action to expand the product range or the services that you offer. The sooner you start to think about this, and also think about the costings involved, the easier it will be for you to take the step and make it happen when the opportunity strikes.

Can you stay working at home or is your business ready for the next step?

Many businesses start at home. It can be the easiest way to get your business off the ground and it can also save you a fair bit on those overheads. But, when do you get to the point where your business outgrows your home? Another area of expansion to consider would be to think about whether you might want to expand into a shop or business location. It could make things easy for things like shipping, or give you a place of business to meet with potential clients and customers. Or maybe you could look at a shop which would give you another source of selling opportunities.

Making the most of your digital presence

The next thing to think about would be whether or not you are making the most of your digital presence. So much is done online these days, that you can’t not be present on social media platforms or have a functioning website. If you don’t you are seriously missing a trick. Having a decent content strategy can also help you drive traffic to your website, which in turn can be converted into sales.

Having a focus on the local community

Finally, with such a focus on helping small businesses and shopping locally, are you making waves when it comes to local advertisement? you could be missing out on potential customers. You could advertise at local events, or even host things like pop-up shops to help raise your business profile in the area.

Let’s hope this has you inspired for some of the things you could be doing as a business owner.