4 Simple Hacks That Can Improve Your Bottom Line by Over 60%
The idea of improving your business whilst also saving money might sound too good to be true. How about improving your business, saving money, and saving the environment?
Although it may seem hard to believe, these complement each other perfectly. In this digital age, there are many changes you can make to help your business run smoother, cheaper, and in an environmentally friendly manner. Take a look at some of the ideas below.
1. Go paperless
Not only does this save valuable office and storage space, but it means less money spent on endless paper and high-performing printers and ink. As all business owners will know, these are rather expensive.
Furthermore, going paperless is hugely beneficial for the environment.
Old records can be scanned or stored on discs. Bookkeeping, invoicing, and billing can all be done online now, with services and software available to get you started.
This can help improve your business by making your records more organized and accessible. It’s much easier to pull up an old record from computer software than it is to search through endless files and papers.
If it’s not feasible for your company to go paperless, consider buying recycled paper or double-sided printing. Both of these options are also great money and environment savers.
2. Go digital
This goes hand in hand with going paperless – not everything that you keep hard copies of is needed. However, there are many other ways to digitalize your business.
For example, you can digitalize your employees. Depending on your business, you may be able to outsource certain tasks to freelancers instead of local employees. Remote freelancers often ask for a lower fee and do all their work from behind a screen, saving you both money and time.
It’s also a great idea to digitalize meetings. Rather than paying for and hiring conference rooms and trying to arrange a time which suits everyone, you can utilize digital conference software. These will allow you to schedule meetings over the phone or the internet and can be used internationally. This is particularly useful if your business involves employees, clients, and customers worldwide.
3. Invest in the right technology
Investing in quality technology is very important, in particular, if you are taking steps to digitalize your business. A short-term investment may well yield long-term results.
Start by upgrading your existing gear. This is a simple and cost-effective solution to ensuring your business is running smoothly. Sell your Iphone, trade in your laptop, and upgrade to the newest software available.
Once you’ve done that, you can look into innovative new technology that you can use to improve the running of your business. With technology growing rapidly, you’ll be sure to find something suitable.
4. Shared office space
CoWorking spaces are one of the hottest topics in the business market now. It’s cost-efficient, space-efficient, and a networking opportunity all at once.
There’s plenty of dedicated office spaces practically everywhere, so you’ll be able to find the right fit for your business. You might even be able to switch to a virtual office altogether.
Often, these office spaces are pay as you go, so if you are able to work remotely from time to time you’ll save even more.
As they are very popular with start-ups, these spaces are ripe with inspiration and new ideas. You might just find your next business partner here.
Contrary to popular opinion, it is possible to save money whilst improving the running of your business. Furthermore, it’s even possible to do this whilst being kind to the environment. Why not try out some of these options to see how they can help improve your business?
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October 3, 2017 at 11:01AM