Tuesday, March 26, 2013

Money-Saving Tips For Business Owners

By Keren Kipfer


While the economy is getting stronger, it is still wise for business owners to search for ways to reduce their annual operating expenses. Altering the quality of your products or services is definitely not a good option. But you can cut some of your overhead expenses without sacrificing quality. Consider the following tips that can help you save a little bit each month off of your operating costs.

One simple way to cut hundreds and possible thousands of dollars off your operating costs is to control your energy use. Thermostats can be programmed to come on only at certain times and at certain temperatures. For example, there is no need to spend money on air conditioning if no one is there. So set the thermostat to 78 or 80 degrees on weekends and at night. In winter, set the heater to 55 degrees or lower and simply have it click on and go higher a few hours before employees usually arrive.

Businesses typically use quite a bit of paper, but that just is not as necessary as it used to be. For instance, rather than utilizing a printer or fax, send it electronically and you won't have to waste paper and ink printing the document. It's also faster to send an eFax than it is to stand by the fax machine loading up the papers. Rather than print out and file documents, use a service that stores your documents electronically online, allowing your employees access to files without having to store a printed copy. This saves office space, cuts ink and paper costs and means employees can access important files online from anywhere.

Sometimes you can trim down the size of your office space or move to a less expensive area to save money. If you have employees that can work from home, this can lower your space needs or you can sublet office space to bring in some additional income which will alleviate your monthly expenditures a bit. If you think your monthly rent is too high, look for some nearby comps and talk to your landlord about lowering your costs.

If your business uses a product id printer, such as a Domino printer, a VideoJet printer or perhaps a Maxima printer, you must continuously buy ink as well as make-up for these coders. This is a big expense, but you can cut costs by purchasing high-quality generic inks from a product id company. Purchasing ink from the manufacturer of your coder is far more costly and you can save money without sacrificing the quality of your ink. These companies usually have ink for both CIJ printers and DOD coders.

These product id firms are companies that specialize in serving those manufacturers who use id coders and id printers. They sell low-cost, high quality ink for all brands of coders, including Domino, Imaje, VideoJet, Maxima, Altima and more. Try to find a product id company that also sells replacement parts and offers repairs for your brand of coder. Many full-service product id firms have VideoJet coder parts, Domino parts and much more.




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1 comment:

  1. The tip about heating/cooling costs is so true; I found out firsthand when a Southampton air conditioning representative came out and told us we could lower our company's bill by 20%!

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