Business Strategy to reduce costs, eliminate waste, save money, reduce business expenses.

What Small Business owner can do to reduce costs, save money, watch expenses and reduce waste.

Every business owner knows, that watching business expenses is a daily job. As the small business owners, we can share few tips with you.

It is best not to borrow money from the bank to purchase your equipment, supply and inventory. Still, if you do not have working capital, use business line of credit. Small business owners can get up to $100K in insured working capital at low interest rate.

Sometimes suppliers cheat on invoices. It is wise to check invoices against your purchase order. You can be overcharged. Often, suppliers ship more quantity than you ordered -- therefore charge you more. Make sure that supplier ship you only the quantity you ordered. This simple check will keep your budget under control.

If you get non-conforming material or parts ( even small amount), ask supplier about their return/ replacement policy. You should not pay for rejects.

Claim your tax deductions. Claim all deductions you are eligible for. Save all receipts.

Make good habits to pay your bills ontime. You will save money on late fees and improve your credit rating. It will help you getting a loan  and low interest credit card in the future. Do not ignore an offer from your supplier or service provider to pay less, if you pay your bill before the due date. You can save a lot by paying your bills early.

Look for the opportunity to save money on phone bills, Internet Services. Find the provider, who offers unlimited local and long distance calls for flat monthly fee. Make sure you will get caller ID, call waiting and voice mail included in your phone service. For those who travel, cell phone, calling card can save a lot of money on phone bills. We use wireless phone for long distance calls. We love extras: wireless Internet, text messages, voicemail, and camera-phone feature.

When leaving the office, turn lights of and turn your computers off. Save energy.

Use e-mails instead of regular mail, whenever possible. Check your postage meter -- errors possible. Avoid overnight and Express shipments. Enforce strict mailing and shipping policy thought your organization.



If you accept Credit Card payments, shop for the lowest rate merchant account. Your local bank or Yellow Pages may not be the best choice. Check the Internet for the "Lowest Rate merchant account". You will be surprised how many good deals and reliable merchant accounts you will find. Many merchant services provide free terminals, waive set-up and application fees. You can save a lot of money by doing quick and easy search on the Internet.


Take time to shop for affordable insurance.
Reduce the amount of magazines and newspapers you subscribe. Eliminate those that you do not read. Subscribe free magazines or online magazines.

Keep your computer system updated with the latest security features, patches and system updates -- you do not have to buy new cutting-edge computer system every year. With proper integration and maintenance many computer systems, hardware and software can last up to five years.