10 Coolest Multi Purpose Tools for Small Business

Small businesses discover situations when they need more resources to fulfill the business requirements. Increasing customers’ demands are also one of the cases to explore diversify paths in business solutions. Thus, they often need platforms to manage all their business essentials. Following are the ten multi-purpose tools, which can offer all-in-one solutions from management to communication and other areas in small business.

Icontact

Which organization does not want an easy to use email marketing approach? Icontact provides a rigid email marketing service along with many additional benefits. Its award-winning team support and the simplified solution is all that you need for progress.

The social media dashboard is helpful in scheduling and tracking social media posts. Thus, reaching to a wide audience with email marketing and social media management has now become effective with one platform only, Icontact.

MailChimp

This email marketing platform has wide use for SMEs. This freely available tool made professional emails creation easy. You can track the open, close and click through rate of the sent emails. Apart from this, it also allows integrating with other sides like social media pages, website, and CRM matching with small-scale requirements of a business.

Shoeboxed

Expenses, receipts, reports are vital for a business management. Shoeboxed is a reliable platform to store all your digital tax receipts and verified data by going paperless. The single tool effectively handles all the important operations from receipt organizations to expense reports and business card management. The not only saves your time but also helps in growing your contact database.

Gotomeeting

Gotomeeting basically provides webconferencing services. Collaboration and staff communication is a part of business survival be it a local or global scale team. With this tool, you can perform virtual meetings with team or presentation to online clients or customers. Moreover, it allows to build VoIP phone conferencing at no additional costs. Start with a presentation and stop at increased sales using the tool. You can reach a wider audience and eventually can make better marketing strategy regarding the business.

Worketc

All-in-one business management tools include Worketc name. Worketc serves as a cloud computing platform with many essential business tools. This one platform consolidates multiple apps and functionalities including CRM, invoicing, help desk, and other integrations. Concisely, it is a one powerful CRM for the entire company management from the sales department to billing and finance events.

Zoho

Zoho was built as a stand-alone online solution. However, it now serves with various operations including sales increase, productivity, and day-to-day activity management tool. The tool consumes low charges but offers features to the small companies. It automates across sales, marketing, and customer service cycles.

BlueCamroo

It is an online suite of business productivity integrated with many utility services. CRM, social CRM, project management, collaboration, workflows, and email marketing, all can be executed with BlueCamroo. Forget about multiple stand-alone solutions for performing different operations involved in business running; switch to BlueCamroo to perform all functions at one place from project management to time tracking and expense management, apart from above-discussed points.

Bitrix

This is just not a simple CRM, in fact, it allows a lot of business management features; Sales, invoicing, human resources, online meetings are some of them. Task management is provided with social network communication. Precisely, the single tool is leveraged with multiple efficient services for any size of businesses.

Hubspot

Hubspot in the list is one more tool that projects multiple functionalities. It is an inbound marketing engine that exhibits email marketing, social media marketing, search engine optimization, reporting, analytics, and more. It is a widely used popular platform by customers from more than 90 countries. Businesses can achieve almost all the important fields towards a successful position in the market through Hubspot application.

Sellsy

It can look like a simple sales management tool, actually, it covers many aspects of a business. It boosts sales, takes care of customer relationship management, and performs business management and reporting. Sellsy provides a business class integration to the customers. It is a unique solution for customer lifecycle tracking through multiple features including selling, prospecting, invoicing, supporting, and marketing.

Businesses acquire solutions that make them lead in the market. There are many standalone tools that fulfill a requirement of a company. However, multi-purpose tools are beneficial and effective for the small and medium firms. With the increasing startups rate, they all are targeting single platforms that can provide flexible solutions to remain ahead in the business.

Best Apps To Stay Up-To-Date With Business Expenses

If you’re running a small business, you’ve surely had instances where you had to wear a lot of hats. Saving money for future, paying off debts and protecting what you’ve got can be a sticky business, but it’s worthwhile if you handle it with utmost care. To get into the habit of tracking your outflows carefully, we are giving you some of the most famous apps you can use for the task. Most of them are free and connect to your bank and credit accounts, pull and organize transaction data. Tracking your expenses will help you save money on your taxes, as well as help reduce the chance of an audit (or at least leave you well-prepared if you are audited by the IRS). It’s not just about getting tax deductions – depending on your client, you may be able to bill those expenses directly to them. Here are some of the best apps for you:

Dollarbird

This app enables you to add past or future income and expenses to a calendar that calculates the impact on your balance, as well as spending by category. The app is designed simple and straightforward, so you’ll have no problem adjusting to it. It is completely free and doesn’t link to your account, but it has manual input. You can download it in iOS and Android easily.

BillGuard

BuildGuard is a personal finance company built by data scientists and designers. It keeps track of your spending by type, month and location. Also, you get to access your credit score and other identity protection tools like data breach alerts. It is free, however, to have access to credit monitoring and identity theft insurance, you’ll have to pay 83.88 dollars a year.

QuickBooks

This accounting software is easy and simple to use. It will help you run your business and provide a full sense of your company’s financial health. It tracks your business’ sales and expenses. You can view financial statements, pay your employees and vendors, track unpaid invoices and much more using this app. It is available on Android and iOS, and even has a tablet support. However, plans range in costs, from the first three months and after, but you get a 30 day free trial.

Goodbudget

This app recreates envelope budgeting of the past, only for the digital world. You can set a budget for each category and spend from that designated category. You can save a lot of money with it, along with being on top of your bills at all times. The basic package is free, but for a full year of unlimited categories, five years of available history and syncing up to five devices, you’ll have to pay $45 a year.

LearnVest

With LearnVest you can categorize transactions by type of expense, set and track goals and have a handy net worth calculation. You can start with predetermined goals such as credit card debt, emergency savings and retirement, and work through them until you find goals of your own. It links to accounts and has manual input, but to partner with a financial planner you’ll have to pay a $19 monthly fee.

Wave
If you’re an independent contractor or a small business owner with fewer than nine employees, this app is made for you. It can track business sales and expenses, pay employees, scan receipts and generate accounting reports. Its software is available on the website, while you can find invoice and receipt-tracking on the Apple store.

Shoeboxed

If you’re used to stacking all of your receipts in a shoebox, you will love this app. With it, you can scan and organize receipts and business cards, create expense reports, track mileage and much more. All you need to do is put your receipts in a “magic envelope” and they will digitize and organize them at their offices – so you can deal with them later. This app has different packages suited to different needs, so look into it and find your own.

What Can Small Business Owners Learn from the Lean Startup Concept?

The Lean Startup methodology is not a new concept in the startup world, but it just might be for some small businesses. The idea was first introduced by Eric Ries in his book The Lean Startup, and now these methods are taught in entrepreneurship courses at universities and startup mentorship programs nationwide.

So what’s the Lean Startup all about? According to the Harvard Business Review, at its core, Lean Startup methodology favors experimentation over elaborate planning. It values customer feedback over intuition. And it focuses on iterative design (changing and refining a design over time) rather than traditional “big design up front” development. The goal of applying Lean Startup methodology to your business is to eliminate waste and learn whether your idea will work in the real world with customers before spending all of your money on it.

At ezClocker, they’ve benefited tremendously from implementing Lean Startup concepts, like focusing on a small set of features and developing a product that people will use to run their businesses every day.

But how do Lean Startup methods apply to non-tech small business owners? How would these ideas be used in consulting, fitness, or retail businesses?

In any business there are risks involved when you introduce a new concept to market, so to help mitigate these risks, you need to test your idea first. Most importantly, you need to prove that it’s valid and that people will actually take money out of their wallets to pay you for it.

Here are a couple of Lean Startup methods that can help small business owners:

Create a Minimum Viable Product (MVP)

The purpose of creating an MVP is to test whether or not an idea will work before building a finished product, writing a 30-page business plan, or opening a store. The goal is to learn the answers to these basic questions: Will people use it? Do they need it? And most importantly, will they buy it? Because as we all know, people vote with their wallets.

For example, if you wanted to open a bakery, you might create sample cakes and sell them at a local fair or farmer’s market to figure out which product sells the best and test out your pricing. Or if you’re thinking of writing a book, you might write one chapter of the book first to see if anyone signs up to be notified when the next chapter is released.

I once met a lady who owned a service-based business, and she was working on a training video to promote it. At a meeting, someone asked her if the video was out, and she replied, “No, it’s not ready yet.”

I realized that this probably wasn’t the first time she’d been asked this question. She wanted the video to be perfect and she wanted it to look professional before she released it. What she didn’t realize was that the time she spent trying to perfect the video could have been spent getting feedback from clients and learning how to improve it. It’s very rare to get something right the first time, which brings us to the next idea that small business owners can implement…

Experiment and Measure

One of the primary steps of the Lean Startup method is to run experiments. This can be applied in marketing or in running your daily business.

The first step is to come up with an assumption, and then run a few low-cost experiments to validate it. By measuring the outcome, you’ll know if you should run another experiment or whether the product or service is good enough.

Say you want to run a marketing campaign for your janitorial company. Instead of putting all of your money into one big campaign, run several smaller campaigns for a specific time period instead. Measure the results of these experimental marketing campaigns and tweak them as necessary. Rinse and repeat.

The same process would apply if you were a business coach who wanted to develop an instructional course. Before spending months developing the course, think about experimenting. Maybe you could use a web page to collect email addresses. Provide a basic description of the course, and then add something like, “Be among the first to take advantage of this opportunity! Sign up to be notified as soon as the course is available!” Even better, another approach would be to pre-sell a course before you’ve even started developing it.

How to Improve Your Business CRM System

Today businesses have become more and more competitive in the current market space. To keep up, they need to study the current market trends, predict future needs, analyze customer data, identify customer behavior patterns, purchase habits, interests, and so on.
A business can use the customer relationship management (CRM) software to gain deeper insights into customer needs and to establish a healthy and unbreakable relationship.

Here are a few tactics on how businesses can utilize the CRM software to gain maximum benefits:

1. Provide Training To Your Employees: If you want your employees to use the CRM system to its fullest capacity, then it’s better to provide training to your employees on CRM system usage. Many CRM software vendors provide video or webinar training. But it’s better that one person in your organization learns the CRM system completely and train other people across various departments. The more you learn about the software, the better you can do your job. For Example:- While working on the CRM software the sales team needs to know about how to qualify a lead, merge duplicate leads, etc. whereas the customer support team should be aware of how to access customer data, handle cases, etc. on the CRM solution.

2. Utilize Your CRM Software Across Various Departments: The CRM system is not restricted to the sales and customer support teams. Even the marketing, Research and Development (R&D), and social media departments can use the CRM solution to gain maximum benefits. The marketing team can use the CRM system to create campaigns and to automate the mundane marketing processes whereas the social media team can use the CRM software to track online customer conversions and schedule social media posts and activities. The R&D department can use the CRM system to research the next product upgrades.

Make sure to utilize your CRM system across different departments in your organization so that each employee gains useful information to perform their jobs much better.

3. Integrate Your CRM System With Other Business Applications: Your CRM system must automatically integrate with other external business applications such as marketing, survey software, Google Calendar, Outlook, or with a smart phone calendar. Otherwise, it’s not worth the price. For Example:- Your CRM should be able to schedule event invitations for your client anniversary (or) schedule a client appointment to outlook or Google Calendar.

4. Integrate Social Element In Your CRM Solution: In this digital age to build strong and deeper relationships with your customers, it’s better to integrate your CRM solution with social media channels such as Facebook, Twitter, Google+, Instagram, Linked In, etc.

If your business is not established on social channels, then you will be missing an ocean of valuable data and resources.

Integration of social media elements in your CRM solution has several advantages:

• Tracks and monitors social conversions of your customers on your brand.
• Respond to any customer complaints and concerns quickly.
• Boosts customer engagement.
• Keeps a track on social media postings and activities.
• Influence online purchasing decisions.

5. Take The Mobile Route: If you want your business to take to the next level, then you should opt for the cloud based CRM software solution that can offer mobile capabilities. Otherwise, purchase a mobile-based CRM application which is also known as pocket CRM. Your sales team immensely gets benefited with mobile CRM as they can have immediate access to customer data anytime and anywhere. They can manage leads, opportunities, track sales, update information, and generate real time sales reports.

5 Practical Tips to Enliven Your Ailing Small Business in 2018

From pinching cash flow to hiring new staff, from expanding business operations to thriving with minimal resources, the challenges of small businesses are many and alike. It takes continuous efforts to achieve sustained growth and success of a startup.

Whether you have just completed your university education or have been running your business for some time now, you know how difficult it gets to maintain positive cash flows sometimes. Taking note of the biggest financial challenge for the small business owners, here I have compiled a quick list of 5 money-saving hacks for a small business.

Following these simple tips, you would not only save enough on your sales and marketing expenses but would also build brand reputation more efficiently and get more clients at the same time.

1. Digital Marketing
Reputation building is one of the key steps to getting more clients and referrals. To stay ahead of your competition in 2018, you need to build a website and work on online reputation building. Using social media and digital marketing you can exponentially grow your business. Whether you are selling a product or a service, you are missing a great number of leads by not communicating with your customers online.

You can check out scores of videos and podcasts available on popular mediums such as YouTube, LinkedIn, and HubSpot or simply Google what you want to learn about online marketing opportunities. Just by investing 30 minutes daily to update your business page on popular social mediums you can build a two-way healthy communication with your clients. You can also use professional advice to single out the best-suited platform for your customers. The initial set up cost of a website and blog is nominal enough (and you would not even need a doorstep loan for the same!).

2. Build credit score
With a high debt to income ratio, you are unlikely to have a good score. Thus your next target should be to build good credit score in 2018. Simple steps such as repaying your loans and credit bills on time, having required insurance and paying your taxes helps you build credit worth. Keep proof of these activities properly clipped in a file. It will help you prove your credit potential when required.

Being a business operation, you must always be ready to expand the output in face of quick orders. Sometimes, the most unexpected last minute orders can spin your success story! Herein if you have all documents to prove your income you can easily apply for secured loans such as homeowner loans at a low-interest rate. It is always more hassle-free to obtain a secured loan as against an unsecured one with a low score.

3. Professional Advice
Coming back to digital, it is worthwhile to talk about FinTech industry here. Apart from conventional high street lenders a lot of loan partners extend financial support to people with less than perfect score. However, it is important to deal with only authorized loan partners. Always double check the credentials of the lender or broker you have chosen to deal with.

4. No hasty decisions
The success of any business depends on its strategy, structure, people, and process. Being the business head you need to ensure that you are abreast with the best of resources. The key to resourcefulness lies in cutting down the wastage. Always plan ahead so that there are no hasty glitches waiting for you.

5. Emergency Fund
Building a reserve fund is one such step wherein you protect your future financial health by investing regularly in an emergency fund. It helps you stay afloat despite temporary hassles. You need not look out for high-cost gap fill arrangements.

Transforming Business Expense Management in the Digital Era

Businesses have managed corporate expenses through paper, spreadsheets, and emails for years. Today, this approach no longer makes sense. Infact, manual expense management is a drain on businesses due to slow reimbursement process that consumes a lot of time. Therefore, finance leaders should consider moving to a cloud-based expense management software that streamlines workflow, enforce reimbursement policies and delivers accurate and up-to-date expense information.

Increased Pressure on Staff

Increased time-to-market pressures and productivity expectations are forcing workers to get more work done in less time. Employees can’t spend days in writing expense reports and managers don’t have time to review expense reports. Also, finance team doesn’t have time to manually analyze business expenses as expense volume grows constantly.

Highly Mobile Workforce

Spreadsheet-based expense management works when people were closely bound to the office. Today, employees have become highly mobile and they work remotely. So, sitting in the office and sharing paper receipts do not work for this millennial generation.

Dynamic Expense Management System

Employees should be reimbursed for travel, entertainment and other expenses they paid out-of-pocket. Expense management has become more challenging, there is an increase in both volume and variety of the expenses employees submit. In today’s dynamic business environment, expense codes change quickly as project timelines get compressed and reorganization can be done more often. Finance departments need more granular insight into growing expenses. They have to understand who is spending what and why? Ultimately, you should have a clear understanding of what’s going on with expense management.

So, what does the expense management should look like? What specific attributes should finance leaders look for in ad hoc spending while taking the hassle out of expense management workflows?

While there are many solutions, there are three attributes you should be particular about:

Cloud-based Solutions

Cloud-based expense report solutions offer various advantages over spreadsheet-based solutions. This solution will replace multiple spreadsheets with a single and centralized repository of expense-related data. Another reason is cloud-based solutions are mobile, meaning business managers and accounting department can log in from anywhere, anytime.

Rule-based Workflow

The SutiExpense solution allows the accounting department to build policies and processes right into the system. Instead of making the accounting department rely on spreadsheets manually to validate and evaluate claims, the system does this work automatically. The system alerts claimants if a particular category spending for a month exceeds a definite limit or if the expense code was entered incorrectly.

Expense report software will also generate alerts, reports, and dashboards that provide stakeholders with visibility into trends, and policies.

Intuitive and Configurable

Despite featuring comprehensive features, expense management solutions should be intuitive and user-friendly to use. Ideally, the expense report system should make it easier for the accounting department to modify policies, workflows, expense codes and other parameters.

Why is this important?

Accounting systems should realize the benefits of modernized expense management system to take advantage of technology:

Benefits to Users

Users will be able to easily submit expenses and corresponding receipts anytime, anywhere. Automatic alerts will be sent if they make a data entry error, submit an out-of-policy expense claim and make a duplicate claim. Most importantly, the automated workflow is another key feature that helps claimants get reimbursed quickly.

Benefits to Managers

Allow managers to simply approve or reject expense reports from their desktop, tablet, or phone whenever they find convenient. Also, track current spending by any parameter and modify expense policies when needed. This makes claims approval fast, easy, and convenient. Expense report software helps business managers better accomplish their objectives by minimizing the time their teams have to spend on expense reports.

Benefits to Accounts Department

Getting timely, accurate and completely documented claims alleviates the need to chase people for late submissions or spend time explaining policies to employees. With cloud-based expense report software system, decision-makers gain unprecedented visibility into what’s driving expenses and where they can deduct the costs. Validating expense claims and managing it all from a single interface make it much easier for accountants to integrate expenses into accounting systems.

Fortunately, expense report solutions empower accounting departments to eliminate fraud while validating every expense claim enterprise-wide. In this way, expense report solution would expedite the reimbursement process while making it easy for the users and accountants to walk through the entire process.

Important Secrets To Start Your Metal Fabrication Business

This is a highly competitive market and not every business necessarily survives. However, there is an increased need for metal fabrication. Are you wondering if there are some secrets you need to know in order to start your business? Well, there are some important considerations that you should never miss out if you want to succeed in your business. There should be a systematic approach if you want to have any chance of establishing your business well and succeed in it.

Here Are Some Of The Trade Secrets That You Can Use To Succeed:
#1 Spend Time To Research
It is crucial to understand the business well. You might know about metal fabrication and might want to establish your metal fabrication business. But before deciding consider some of the important points such as demand for your services, the clientele, available options in the local area. It is highly important that you access whether there is a need for your services. Imagine opening an ice cream parlor with 20 other just across the street. Well, the only chance of success is if you have exceptionally good product. Yes, the key to success is to make sure that you are able to stand out in the competition.

#2 Create A Good Brand Image
Spend time in planning well ahead of time. In today’s competitive market, a good brand name is everything that you need to succeed. So, plan about your business, think about who your potential business partners are, the name you want to give to your business, and also plan for the motto that you would like to stick to. This will help customers to easily identify and relate to a particular company. This also helps you stand out as a professional.

#3 Find An Appropriate Place
In order to run your business smoothly, you will also need an appropriate metal fabrication place from where you run the business. Depending on your business plan the size and specification of your premises will vary. You need to keep in mind that the steel joists can be very large. The machines that are used to cut steel joists are even larger. This simply means that you will need a lot of space if you want to ensure that everything takes place smoothly. Usually, a warehouse or factory should suffice and with this, the monthly rental will also be lower compared to prime commercial location. However, you need to choose the place depending on your business plans and clientele.

#4 Buy All The Right Tools And Equipment’s
The field that you plan to ensure needs a lot of precision from your side. There is no way in which you can take a shortcut and think that you will succeed. In order to function smoothly, you will need to make sure that there are appropriate and latest cutting and fabrication equipment with you. When you go for the tools and equipment go for the ones that are well known for their great quality. Never get into the thinking that cheaper is best because this will also reflect in your service that you provide to clients.

So, ensure that you spend enough time in considering these aspects. It is important to plan well in advance because only then can you be sure about every aspect of this business. The more time you spend in time, the more detailed will be your execution of the business. Make sure that you keep customers interest in mind at all times. As you deliver quality results in your metal fabrication projects, it will help you build a good reputation in the market.

The Importance of Tracking Business Expenses

A lot of small business owners do not see the importance of keeping track of their expenses. No matter how small of a business you run, you cannot remember everything, so you need to keep track of it and collect all your receipts. Here is why.

Money management
Tracking your expenses and bookkeeping, in general, is essential for good money management. You will never be able to improve this set of skills unless you know if you are a reckless spender or a sensible one. While in private life there is always a way of coping, money management skills are essential for business survival and the happiness of your employees. If you have decided to set up your own business, this is something you will have to learn.

Happy employees
A satisfied employee is a good one. Collecting the receipts will tell you exactly how much you owe to your employees. Some of them may be waiting for reimbursements for their travel expenses and do not feel comfortable to ask you when they can expect it. They will probably think you have no intention of ever reimbursing them when you have simply overseen the expense and are not even aware of it. Not having to ask you for their money, will make your workers happy and they will know they can trust you.

Taxes
Without the track of expenses, there is no way of submitting taxes correctly. This usually ends up being your loss as it will show that you earned more than you actually did. Also, you will have no way of proving that you had tax-deductible business expenses. In the long run, this could waste your business a lot of money.

Credit cards
Knowing where your money goes, will help you choose a business credit card with the best plan for the type of expenses you have. If you find a suitable credit card you will be able to save a lot through discounts and the reward points system it offers.

Reducing the expenses
Each business owner would like to spend as little as they can while maintaining the same quality level. By being clueless about what your business spends its money on, you will have no way of reducing those expenses. You will not be able to recognize a good deal, nor find a survival strategy when your account balance tells you that you need one. If you find keeping up with the books and the expenses too difficult, you can hire an accounting firm to assist you.

Is your business even solvent?
If you are not aware of how you spend your money, we can go ahead and assume that you are not aware of your liabilities. This can be a major problem. You could be owing money to your creditors and suppliers without even knowing it. “Taking care of” issues, that is outstanding accounts and defaults, as they come along is not a way of running a business. You need to be able to pay your liabilities within a reasonable amount of time. This means that you already have money for it and do not have to do a quick run around or dip into your private account to cover this.

Expansion
If you want to expand your business, you need to have a plan. That plan includes a strategy which requires funding. Without the knowledge of your expenses, you do not know whether you are left with enough money to afford the growth. You need to be able to predict how much of your revenue will go toward your expenses, how much you need to maintain the business, and how much you can afford to put aside for future ventures.

5 Most Effective Money Saving Tips & Trick For Small Business Owners

Every expanded company was once a beginner – a small business. Although small businesses have a lot to take care of as they start the journey, observing and making a few amendments can bring a good fortune to the company. According to a reliable survey, 8 out of 10 companies fail within the period of first 18 to 36 months.

While most of the business personalities focus on getting more sales, decreasing expenses is also as essential as sales for a new business. Oh, wait! You do not need to break your bank again in order to consult some financial adviser.

If you need to know how to cut some expenses and save for your new business growth; you would have to follow some simple saving ideas that matter the most. Not instantly, but, you would definitely notice the difference it makes in a long run. Go through the following tips and experiment with those tricks to see how it proves to be beneficial for your new venture:

1. Switch off unnecessary electric appliances like lights, AC, and machinery

One of the simplest and straightforward ways to cut down the cost is turning off the electrical items or electronics when they are not needed. It might seem arduous when you and your employees keep busy and always on the go of getting something done. But, once everyone gets used to it, its fairly easy too.

Whether it is 9 to 5 office or a restaurant, power down of any device or instrument like personal computers, over-desk lights, printers, ACs or storage lights can add up to savings. If you cannot do that, you can at least leave instruction or notes for cleaning/closing crew of the office to do so. Try it and you would be happy to pay the bill next time.

2. Cut Down the Paper Cost

You might ask how is it possible, but, you can surely cut down paper cost by reducing paper use. Just like decreasing energy and water usage, cutting down the paper use is important. There are some convenient ways of doing it and it is super easy to implement. Note the following points:

Keep default setting in your printer to print and copy the double-side
You can reuse the waste paper for scratches or notes
Get the margins tightened and shrink font size on printed reports
Inform the sources of postal mails and vendors for the employees who no longer work for your organization
3. Analyze Your Bills

Well, along with taking care of above two points, it is essential to examine all the bills you receive for all the services you are availing. Have you ever looked at how much you spend on utilities, phones, internet services and delivery cost and other monthly packages you use?

Are the landline phones really needed? If you are handling your business alone or have a handful of employees working for you or your company, a lot of things can get done on cellphones or Skype or Google Talk. If you have company mobile phones, have you ever compared the cost to minute plans? Do it as soon as possible.

Go through your credit card statements and expenses, make sure you are paying for the things you use frequently. If landline phones or webinar subscription are used rarely or once in a couple of months, get rid of them.

4. Hire Freelancers

If your business is taking baby steps and going in the right direction, do not rush for hiring full-time staff. If you are uncertain about that, get the work done by freelancers or independent contractors. They are much inexpensive than those working for you full time.

The advantage of getting things done with the help of freelancers is, you can start working on something for a short period of time and can stop it whenever you want. Thus, it saves your cost because you do not have to pay for a full month. You might find them less trustworthy but, it’s the right option for your non-core activities and for one-off tasks. It keeps the labor cost of the company at its minimal.

5. Buy Things in Bulk

You know you would need specific things and services for your business for a long time. Paying monthly or weekly for such things can cost you much more than longer subscriptions. Many service providers offer huge discounts if you pay for six months in advance or if you take in yearly benefits.

Even the office appliances or any other things that you buy often can be bought at great discount prices if you use coupons sites like Couponobox.com. Such sites always have appealing discount deals for the customers for better marketing. Avail these benefits which would definitely work in your favor.

Along with above-given tips, you can also evaluate many other things like employee perks, connecting with small businesses, cutting marketing cost with the digital SEO marketing instead of a conventional way of doing it. Also, use free business resources and software to enhance the overall productivity. Take care of small things and see how it works magic for you and your business in a long run.