In business, increasing Net Profit is our goal! After all, the better the net income, the more valuable the company is and the more money that can be taken as dividends or reinvested into the business to make next year’s Net Profit even bigger.
Sometimes in business we spend all of our time focused on how we can improve the sales side of the business rather than some expenses that are closer to home and easier to control.
Increasing sales costs money, unfortunately it is much cheaper to reduce internal costs than to generate more sales. Generating leads is a minefield and using ‘quick wins’ like Google Adwords can add up to a hefty penny.
So we thought it would be good to help you make more money in your business and give you 3 areas which are quick gains when looking to reduce your overhead costs, thereby spending less and making more money!
1. Choose the right phone system
These days it’s much easier to get a phone system that provides your business with all the functionality you need but you are no longer tied to separate bills for everything. Before the last year or so you would have paid for your telephone line rental, each individual phone call, maintenance and support on your telephone system in the office and even had to pay for a new handset!
Well not anymore, with VoIP phones now you can get all inclusive bundles. So your handset, all phone calls and even support and maintenance are included in a fixed monthly amount, just like your phone. This package is from Communication Consulting is one of those plans and can end up saving your business a lot of money.
2. Energy supply contracts
How much do you pay per kWh for your electricity and gas? I bet you haven’t seen for a long time! It is estimated that 70% of consumers have not switched energy suppliers and still in the ‘default’ rate or expensive.
Yes we do. That’s data on a consumer basis, but we think it’s even higher within the business sector.
Come on, think about the last time you looked at your energy bill? You just paid for it, right? Well, it’s an easy way to add more money to your bottom line.
3. Reduce your print output
Not by stopping using your printer. But by shopping around to get the best deal. Printers and copiers are similar to the telephone system, as we discussed above. Technology moves in such a way that cost savings are unavoidable.
Did you know there is a new line of multi-function printers from Epson that not only saves on printing costs, but also on usage 95% less energy than the comparative laser equivalent.
So not only are you saving money on printing costs, but you’re also saving more on your energy bill than before switching energy providers.
Summary
We can spend a lot of time in business growing the business through sales and building turnover. Well, as former dragon Hilary Devey once said ‘spin is a waste, gain is sanity’! Reduce some of your overhead costs. This is a very easy way to make more money for you and your business.
