5 Expenses to Save on for Your Small Business

Owning a small business is not easy, especially when it comes to budgeting your money. There are things that each business needs to make sure they stay in operation, which usually takes up a majority of the budget. However, there are some expenses you can miss out on that will help you save money.

1. Base Salaries - Naturally, some of your employees will need to be paid salary or an hourly rate. However, if you have certain sales people that make money off of commissions, offer a commission-only payment with bonus incentives. This way you’ll be able to save money on payroll while also having employees that will be working hard to earn their money.
2. Unnecessary Items - Having each of your employees use tablets to complete a sale might work for some of the larger companies, but this isn’t necessary for small businesses. Focusing on training your employees communication skills will be better for the money spent.
3. Up to Date - Having old computers and technology can oftentimes be expensive to keep. Not only can their lack of speed and features limit your employees, but they can also cost more to repair. Learn when to replace certain computers and opt for a smaller, more navigable model.
4. Cut the Cord - Using a traditional phone system is extremely expensive these days. With a VoIP phone system you can receive equal call quality, but with ten times more features at half the cost. Getting more for less? There’s no reason why all businesses shouldn’t be using a VoIP phone system.
5. Track & Cut - For the next few months, write down every business expense. At the end of this time period, evaluate your list of expenses and see what you can cut out. For necessary expenses, do your research and see if there are more cost-effective options or alternatives.

Running a small business is no easy task, but cutting down your expenses is definitely one of the hardest tasks you’ll face. When you realize that it’s time for your business to adopt a VoIP phone system, contact Reliable Voice and Data Systems. To learn more or to schedule a free estimate, give us a call at (877) 385-6657.

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