Have you noticed that each time you look down the list of operational costs, your office expenditure just seems to be growing? While it may seem as though these costs are necessary, in reality, there are many small changes which can be made to an office budget which can have a drastic and positive financial impact on company’s bottom-line. Keep reading to find out more.
Wrap up your service providers
If you have been operating or managing a business for a long time then there is a good chance that you also have a long list of service providers which you have accumulated, with each one telling you that you have the best deal possible.
And while it’s true that you may be on the best deal, if you are only using one of their services then you could be saving more.
Step through your monthly supplier expenses and make a list of the services your office requests to operate, such as gas, water, electricity, internet, phones, etc. Once you have this, call each of your providers and ask which of the services they can provide and at what bundled cost.
For example, your business phone provider is likely to have a cost-effective bundle to offer you additional services such as:
- Business phone services
- Business Internet
- Website design, hosting, and support
- Manage your corporate cell phones
- Provide and manage your company laptop and mobile internet needs
Simply wrapping these services into one monthly invoice you can not only make it easier to manage your expenses but to also keep them down!
Wrap up your service providers swap your fleet for hire-cars
Having a fleet of cars available for your staff to use is a great way benefit to a business. However, the associated maintenance and other costs can often heavily outweigh their benefit and cause unnecessary strain on an office budget.
Instead, take a look at the types of trips which your employees made using your fleet of cars and consider the options of swapping your feet for hire cars. For example, utilizing a Budget Rent a Car coupon from Groupon Coupons each time an employee needs to use a vehicle can be a great way to keep your monthly costs down. After all, if a vehicle doesn’t need to be used during the month, you don’t need to pay any expenses for it!
Are your employees using fancy pens?
One of the easiest ways to reduce your monthly operating expenses is to take a good look through your stationery budget. While it may look like your staff need the pens on the order list, if you were to take a closer look then you would see that there are many more economical options available.
Speak with your stationery supplier and ask about switching your orders to a generic brand provider or even their own low-cost options. While your employees may not like that they can’t order a pen which allows them to write upside-down in space, the basic pens provide will more than allow them to do their jobs adequately.
When it comes to operating costs, there is much that you can do to keep them down, you just need to know where to look. Once you have applied the above rules, take a hard look through each of the other line items and see how creative you can get with reducing your expenses.