Savings…

As a business owner you know how hard it is to save on operational costs and increase your bottom line. Here are a couple of creative ways to save money in today’s economy. 

Go paperless - Lower your storage costs, printing costs and improve overall efficiency by scanning documents, or sending receipts and other documents digitally.

Use a 0% credit card balance transfer if you can. You can save a lot on interest rates and pay down your debt faster.

Lease Equipment - Avoid big upfront costs when purchasing equipment for your business.

Collect cash in advance - When you extend credit to your customers, not only you are taking risks, but your cashflow is lower. Require 25-50% upfront if you can and lower your risks.

Ask for discounts - Ask your suppliers for discount when buying larger quantities and don’t be afraid to ask for better terms. 

Use Payroll debit cards - Reduce your expense of printing checks, and lower your risks of fraud. 

Offer electronic invoicing - Reduce your postage costs and printing.