Budgetary belt-tightening: Tips on how to trim down bloated costs for small business

Now, more than ever, businesses large and small are keeping a close eye on the bottom line and looking for ways to trim budgets. Here are a few measures for making the most out of resources and keeping tight budgets in check:

  • Oct. 22, 2008 12:00 p.m.

Now, more than ever, businesses large and small are keeping a close eye on the bottom line and looking for ways to trim budgets. Here are a few measures for making the most out of resources and keeping tight budgets in check:

• Consolidation Consideration. Forego multiple standalone devices and consolidate your fax machine, scanner and printer into a single multifunction device. This not only creates more office space, but it also saves money on maintenance, toner supplies and paper.

• Make Teleworking an Option. Deploy mobile technology to allow your workers to access information regardless of location. This will not only allow workers to respond to inquiries faster, but can also cut down on driving between locations which will save money on gas and free up valuable office space.

• Bring Colour Copy Work In-House. A great way to cut costs is to reduce outsourcing. By investing in a colour printer, you can eliminate the need to outsource this job to costly third parties and recoup costs.

Reducing costs in even one of these areas can help garner substantial savings.