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By Dawn Kraus
In the current economic climate, everyone is attempting to ‘tighten their belt’ and save money. For small businesses, it isn’t just a matter of lowering expenses, but actual survival. Although especially effective for small business, these money saving tips can be applied to any size business and some may even help you at home as well.
1. Laptop computers can sometimes be used instead of standard desktop computers and consume approximately 90 percent less energy. Whenever possible, have your employees use laptops.
2. Review your phone usage and research ways to reduce this necessary expense. Whether you reduce the number of phone lines, change your plan or replace your current service with an internet based service such as VoIP, there are a variety of ways to lower your phone bill without it affecting your clientele.
3. Save the monthly fees and statement fees that your merchant account charges by switching to an online service like PayPal. These online plans do have specific “per transaction” fees, so analyze your account activity before making the switch.
4. Printer ink can often be an extremely high line item in your budget. Review different ways to save, whether it is buying in bulk or using recycled printer cartridges.
5. As stated previously, printer ink is expensive so share printers. Have your employees share their computer printers, reducing your utility expenses while also using less ink.
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