4 Cost-Cutting Ideas For Small Business

Cutting costs isn’t difficult, although it often seems as if you’re stuck between a rock and a hard place when you’re looking at the problem from the inside. small business internsYou don’t have to make an enormous sacrifice to save enough money to make a difference; you just have to shop smart and think outside the cubicle. Remember that new and shiny doesn’t always mean best, and if you can use thrift as you outfit your workspace, you should do so—there’s nothing wrong with buying something secondhand, not if it means getting your own business up and running.

Opt for Gently Used Equipment

You won’t believe the amount of office furniture and supplies tossed out every day. Serviceable pieces end up in the junkyard because an office closes or an old building has an estate sale of sorts. It’s also easy to find like-new office chairs, desks, and equipment at yard sales and thrift stores. You never know what someone might get rid of, or where it might end up, but none of that matters as long as you find it. Avoid anything that needs any repairs, though. You’re trying to save money, but that doesn’t mean you should waste time or energy.

It’s best to keep an eye out for offices and buildings that are either closing or going out of business. Office supply liquidations have tremendous deals, as well. Catch one of those, and you can practically outfit the entire office. For computers and similar tech, any business that’s closing up shop should have everything available. If the prices aren’t dirt cheap, then they’re apt to be free.

Bring in the Interns

Interns save a significant amount of money, and you don’t have to open up unpaid internships, either. The people who apply for internships are eager and enthusiastic. Because of the experience they receive on the job, they’re willing to provide high-quality, low-cost work in exchange for learning the ins and outs of your business.

The only thing to keep in mind is the positions for which you hire interns. Will you have to train them and, if so, will it take up a considerable amount of time? Do they need to learn how to use office software? You don’t want to spend too much time or money training someone new. However, if training is easy or if there are other tasks around the office that they can do, then interns can cut costs while bringing value to the workplace.

Go for Last Year’s Model

There’s no reason to buy the newest and best when an older model will suffice. You might not have any luck finding computers on the cheap, but that doesn’t mean you can’t get them at a discount. Look into models that are a year or two old, even three. As long as they have enough memory, a speedy processor, and the newest operating system, they’re more than adequate.

Many offices equip their employees with smartphones and other mobile devices. It’s less expensive to choose last year’s model of phone, as well. Waiting until the newest model is a few months old nets even more significant savings. Just make sure that you use an IMEI checker from your carrier to ensure the phones are compatible with your network and the latest operating system update.

Negotiate with Your Suppliers

In your private life, you know the value of negotiating with your cable and Internet providers. As a small business owner, you can do the same thing with your suppliers. Talk to the companies that supply you with paper, toner, and even pens. Find out if your Internet provider has cheaper business rates. See about wrangling a lower interest or payment rate for your company credit card. The phone company and landlord might open up themselves to negotiations, too. They want to get paid, even if it’s a lower amount than expected.

Launching a small business is a costly endeavor by itself. It’s crucial to save money anywhere you can, particularly during the first few years. Do you have any special tricks for cutting costs at work?

About Nate Goodman

USA TODAY BESTSELLING AUTHOR Nathan Goodman is a freelance fiction writer and the author behind The Special Agent Jana Baker Spy-Thriller Series. "A terrorist on the loose, a country in panic, and time is running out..." FOR A FREE COPY of book one, visit the author's website.