The Small Things That Make a Difference: Business Tips to Reduce Costs From the Financial Advisors at Axiom Solutions
November 16, 2011 Leave a comment
Businesses and organizations often look to unique and inventive strategies to save money and improve the bottom line. While some cost-cutting maneuvers may prove effective, others may seem unnecessary or of little use. One trick to saving any money, however, is realizing the impact that small changes can make. The tips described below outline a handful of slight, yet significant steps to reducing operational and overall costs.
1. Gain a membership account with any supplier you use often. By doing so, you will likely receive discounts and coupons, as well as savings on bulk purchases.
2. Inspire a “green” company culture that is friendly to recycling. Use the backsides of paper you won’t be using again, or switch to reusable batteries and refillable pens. Also, encourage individuals to print items only when they require it, and consider switching to paperless filing systems.
3. Revisit your vendor relationships each year to make sure you receive the best deal on their services or products. If you have been a longtime customer, bargain to receive discounts or a better rate.
4. Many are surprised to realize that photocopying is rather expensive compared to printing. Cut down on photocopy usage for small quantities of business forms and print them instead.
About the Author
For more than 15 years, Axiom Solutions has helped clients save money and reduce costs by providing expert financial consulting, marketing advice, and tax analysis. The Axiom Solutions team operates out of offices located nationwide, including Denver, Los Angeles, Washington, D.C., Atlanta, and Houston, among other cities.