Read the story here. Advertise at Before It's News here.
Profile image
By BusinessImpacts
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Money Saving Tips for Businesses

% of readers think this story is Fact. Add your two cents.

Money Saving Tips for Businesses

Saving money on your business’ operating expenses demonstrates good financial leadership. Strategic initiatives to cut costs can enhance profitability without compromising the quality of their work.

Switch to Voice Over IP Services

One way how businesses can save money is by upgrading their phone service. Most businesses don’t need to deal with the hassle and expense of elaborate multi-line office phone systems in years past. Switching to a Voice Over IP system will likely be far less expensive than maintaining numerous separate phone lines, and it will probably be easier to administrate.

A VOIP system enables you to take charge of everything that you need to do from your workstation rather than hunting around for physical phone lines to make system changes. Also, it offers all of the same functions of a traditional landline-based office phone system. You can forward calls, use call-waiting, and change recorded greetings with ease. Reach out to a provider who can help you design a customized solution and instruct you about how to access different features.

Outsource IT Support

All businesses have to conduct their operations with the perspective that time is a monetary resource. Unlike money, time is a nonrenewable resource. Every hour that your staff spends on a task that takes them off course is a waste of the monetary product of what they should be spending their time on.

IT issues can be a significant drain on staff time. When people waste time trying to figure out a complex issue themselves, it prevents them from accomplishing what you need them to do. Moreover, an IT problem can have immediate economic fallout if you’re not able to deal with it swiftly. Staff can’t access information, finish projects, or complete financial transactions. Get managed IT services so you’ll be equipped to handle emergencies and also support staff’s individual tech problems as needed.

Establish Procedures for Qualifying Leads

If your staff members lose too much of their time on sales initiatives that don’t pan out, the problem may not be their sales tactics. Make it a point to continually train staff about how to qualify sales leads before they spend a lot of their time getting into the details of your products.

A commitment to good customer service is important, even at the first point of contact. Nevertheless, failing to qualify leads properly can be a costly pattern of behavior. Identify key questions and devise strategies to work them into initial contacts naturally.

Make Your Business More Energy Efficient

Wasting energy can put an undue burden on your overhead expenses. It’s understandable that staff isn’t attentive towards their energy usage. Their priority is getting their work done, and most of your staff probably couldn’t even tell you what your energy bills come out to every month.

Some simple but effective energy-saving measures that don’t require anything from staff are a good starting place to make your workplace more energy-efficient. Use a programmable thermostat and evaluate whether you’re setting your temperature controls to high or low to compensate for problematic air flow in certain areas. Poor air circulation is a common issue in larger office spaces. Working with a mechanical engineer can help you make the most out of your climate control system. Adding another thermostat or using a variable air valve box may help to address deficiencies.

Meet with your senior staff to put your heads together about where you can avoid overspending. When you’ve identified the best options for your business’ budget, work out the logistics of making the change. Track the amount of savings that you’re able to achieve over a one month, six months, and one year period to take stock of what you’ve accomplished.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 4 comments
    • Bubashir

      VOIP is extremely useful technology! I am glad that it is still rapidly developing!

    • Brighton

      I guess that with 5G VOIP will get even more comfortable to use :cool:

    • Brighton

      As for switching to Voice Over IP services. That is a truly great recommendation. I would go a bit further and advise to have a closer look at The company is relatively young but offers the best value for money. And its specialists are really skillful :cool:

    • KlimmZh

      I believe that we in the company started to save a significant part of the budget by switching to using voip cloud phone system. In fact, I wouldn’t have thought that a cloud phone system could be so convenient, because the connection is very high quality. I believe that this system is necessary for everyone who wants to develop and expand their business.

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.