When most business owners think of building a profitable business, the first thing that comes to mind is how to increase sales. True, the best way to boost the chances of your business in Australia is to beat the competition when it comes to customer acquisitions and sales but these things are not in your control. It is thus important to broaden your business strategy to include cost-saving as a way of staying ahead of the pack. Cost-saving in your office operations is a smart way of improving your company’s bottom line without compromising the quality of services you offer. It is a critical practice among the most successful businesses in the world.
From the installation of commercial LED light fixtures, online marketing, telecommuting, to going paperless, these strategies might not seem like much but they will help you save a lot of money in your business. As such, here are 5 cost-savings office solutions you should consider. Here you go:
1. Use a Programmable or Smart Thermostat
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Well, this might not be the first thing that comes to mind when you think about ways of saving money in your office budget but maybe it should. Your employees spend a lot of time in the office and this means heating and air conditioning will take a huge chunk of your revenues. There’s no way you can switch off the HVAC unit to save money because this would affect the comfort levels in the office environment. A better solution would be to install a programmable or smart thermostat. This technology can save you a lot of money that would otherwise go to air conditioning.
A programmed thermostat operates through a customized schedule thus increasing the heat or AC in the morning and reducing the same come evening and overnight. The best programmable thermostat can save you 10% to 12% on heating and 15% on cooling which is a big deal in for a profit-making venture.
2. Embrace Paperless Technology
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Digitization is no longer a fad as many business owners derisively thought. It is a reality and many business owners have embraced digital systems in all aspects of office operations to cut costs. Paperwork has now been replaced by soft data while physical storage has given way to cloud technology. There are myriad more areas you can digitize to save money in your office and you should always be on the lookout for emerging cutting-edge technologies.
3. Install Energy Saving LED Lights
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Lighting is another thing that accounts for a large percentage of your company’s operational expenses. If you still use incandescent bulbs in your office, it is time to make a switch to commercial LED light bulbs. These will save you a lot of money which you can inject in other areas of your business. LED commercial bulbs last longer and they also reduce your office’s carbon footprint.
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In this age of digital technology, there’s no reason to house all your employees in a room if some of them can work remotely from home. Telecommuting entails working from home by leveraging the power of internet connectivity. Many large companies now have employees across the world and these members of staff never have to meet in a single room. You can borrow this idea whatever the size of your business to save money on office space, utilities and other overheads.
5. Leverage Online Marketing
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It is understandable that you want your company to house an in-house marketing team but is it financially viable in this age of internet marketing? You have several online techniques to keep your business visible including social media marketing, content marketing, email marketing, video marketing among others.
You don’t have to invest in hiring and retaining an expensive marketing department in your office because there are many cheaper ways of promoting your business in the contemporary business landscape. So why not go ahead and try some of them?