Tag Archives: money
When you’re running an SME, you need to make every dollar count towards your brand’s success. Any wasted resource can mean capital that could have been spent towards marketing, hiring another assistant, or even a launch event.
What you may not know is that the most harmless thing could be the reason you seem to be spending too much on overhead expenses. Here’s what some experts say you may be doing that is bad for cutting costs:
1. Failing to maintain your appliances.
When you don’t clean your air-conditioning and heating units, they use more energy. A full refrigerator or a dirty microwave oven at work also consume more electricity. Make sure that you hire the most trustworthy office cleaning company that Salt Lake City has to offer. They should clean your appliances to make them work efficiently and a lot more.
2. Working in a dusty area.
When you have to deal with a huge quantity of inventory, especially paperwork, your office can gather dust. If your employees have allergies, then you’ll find that you lose productivity if they’re always sneezing or feeling awful. If your workers get sick too often, consider cleaning your office to minimize bacteria and dust.
3. Leaving all your equipment plugged in.
Always unplug your computers, fax machines, heating units, copy machines, printers and other equipment when you’re not using them. They still consume electricity and if you add up those little costs every month, you’ll end up with an amount you wish you had at the end of the year.
4. Wasting paper and ink.
Training everyone how to use the printer efficiently and giving your employees a quota of supplies every week can help reduce waste. Replacing your old printer might also be a good idea since many printers today have smart technology that uses cartridges that produce less ink.
Maintaining your office regularly can really help you save money and can make your workers healthier, work more productively and even gain more clients. It’s up to you to make it happen.
There are people who believe that it’s the clothes that make the man. While it can be wrong to judge a person based on how he looks, in business, you really need to dress to impress. That’s why power dressing has become the norm in the corporate world. And in some cases, the image goes just beyond the clothes. The car you drive can also affect your image. In this case, can a fancy car really help you make more money?
Attracting the Right People
Some people believe that in order to attract the right kind of people, you need to build a lifestyle that is desirable. For instance, businessmen are often seen in cars that exude power and trust. These cars help them gain other people’s trust because of the image they build. On the other end of the spectrum, it makes sense to drive a truck rather than a sedan if you’re in the agricultural business. You need to become what you are selling.
You need to be your business. Of course, the car you drive must be in tune to the business you are into. If you are in the market for buying a new ride, keep this in mind when you visit car dealerships.
It’s all about lifestyle marketing. The difference between the wealthy and the average person is how he or she uses the money to his advantage. The average person thinks of money as the thing that he or she exchanges for services and products. The wealthy person thinks of money as something that he or she can use to make money.
In this theory, a fancy car can then help you make more money through lifestyle marketing. Remember, you need to become what you drive and build the image that you want your customers, competitors and colleagues to see.
Saving money is, more often than not, easier said than done. With the cost of living going rising in Australia, individuals and families alike are working on ways to live frugally. But what does it take to cut back on costs — without really sacrificing comfort?
Here are ways on how you can efficiently save your money — and still make ends meet:
Produce Your Own Food
Now this is one frugal tip that’s a favourite! Nothing beats growing your own fruits and vegetables from your garden. It’s a bit tedious though, but just think about the amount of savings you would have afterwards.
Produce bought from the grocery store can be very expensive, so it’s best if you just make your own. It can even serve as your additional source of income eventually—as you can sell some of your harvest if you have more than enough.
Think of Other Ways to Travel
Don’t just settle on buying your own car to answer your travelling needs. Purchasing a vehicle can be very heavy on the pocket as it takes you years to complete your payment. If you insist on getting your own, why not look into used cars for sale? Australian experts think that’s a better option, rather than splurging on something that will eventually have a decreased value.
Apart from having your own car, you can get into carpooling. That can help you cut down your expenses. Still need to be more frugal? Bike to your destination instead. That way, you can get your exercise as well.
Cut the Cable
Cable TV may offer a lot of channels, but are you sure you will be watching them all, at all times? Why would you need cable TV these days when the Internet is more accessible? The World Wide Web has almost anything now, including your favourite shows on reruns. That’s even more convenient, since you can take it wherever you go, unlike cable TV. Just cut your subscription; don’t worry about missing out on episodes of your favourite show.
These ways will help you lessen your expenses, but you have to remember that saving money still depends on how you manage your finances. Overseeing your expenses is a sole responsibility; all it takes is self-control.