Five Ways Your Company Can Save Money
For businesses, big or small, saving money is always important
, but it's doubly important in a time of recession. But finding those many, small ways to cut corners can sometimes be difficult. Here are five ways that your company can save some money in the recession.
1. Stop providing tea and coffee. This may seem harsh, but it's really not. People bring their own lunches to work, why shouldn't they bring their own tea or coffee? And you may think that tea and coffee are not expensive, but if you have a large company, sit down and calculate how much you spend on coffee grounds, tea bags, milk, and sugar (and sweeteners for those dietersthat can add up too!) over the course of a year. You may be surprised.
2. Turn off all equipment, and switch off all sockets when the office is closed. Lights, computers, air conditioning, heaters, electronic photo frames, televisions, microwaves, toasters. Turn everything off at the wall switch. No excuses, no exceptions other than fire and security alarms. This can save your company a lot of electricity costs over time.
3. Share printers. Having one printer for a small business, or a couple printers per building for larger businesses, can save you a lot of money. It's easy to implement a system so that documents are printed at one source.
4. Reuse and save your paper. Print on both sides of the page, and only dispose of papers that have been used on both sides. Use smaller typeface or print on a lower resolution to save ink.
5. Implement document management software. Document management software will save you money by saving you time, paper, ink, and office space. And you won't need as many secretaries. Electronic document storage makes for faster document retrieval, and clients are satisfied fasterleaving time for more new clients. And you'll save a few trees in the process.
Five Ways Your Company Can Save Money
By: Wilkinson Smith
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