Hands up who wants to be rich in 2019? Sorry folks, we don’t have any magic bullets nor the winning lottery numbers. No, don’t leave yet! Rather than telling you how you can get rich, we thought we’d share some tips that will help you save money. Which is pretty much the same thing, right?
Here are some of our top ways to save your business money in 2019:
1) Go flexible
The flexible working movement is going great guns at the moment as everyone from millennials to mums realise that life is a whole lot easier – and more fun – when you’re not chained to a desk from 9 to 5 (we always said Dolly Parton was way ahead of her time). It’s got huge benefits for businesses too, one of which is that it can save you money.
If there’s a function in the business that doesn’t need you to chuck a full time salary at it, go part time. Let some of your team work from home, if that’s appropriate, saving money on office space or desk rent. Taking a long term view, offering flexibility is likely to boost employee morale, wellbeing and loyalty, which means you should see staff turnover drop and therefore save money on recruitment too. Winner!
It may sound a little counter intuitive to pay someone in order to save money, but think about it. Your time is not free, neither is that of your staff. You pay salaries, right? You could be out winning new contracts. There is a value to what each person on your payroll is doing. And if they’re doing stuff they’re not good at, taking twice as long as a professional and producing a shoddy end result then are you really being particularly cost effective?
Outsourcing anything from your content marketing to your archive management can take the pressure off, improve results, save time and yes, even save you money in 2019.
3) Ditch the archive
Another way to reduce your spend on office space is to seriously reduce the amount of stuff you have. Why would you pay however much it is you’re paying per square foot on office rent just to keep a roof over a bunch of archive boxes? Instead, could you have them scanned and then securely destroyed? Or would it be more cost effective to look into off site storage? (Ahem, we can definitely provide you with a quote to get you started, if that’s of interest.)
The other advantage of scanning your documents is that they’re ever so much easier to find. If we do say so ourselves, we’re really very good at creating well organised systems and we can even train your staff in how to use them so you can access whatever you need at a touch of a button. Which means no-one wastes time going on dusty expeditions through the archive room, which, given that time is money, is a money saver in itself.
4) Leverage technology
So we’re living in a digital age now, in case you hadn’t noticed. Which can be disconcerting for those of us who grew up with only five TV channels and phones that were wired into a wall. But the good news is that technology offers huge opportunities for saving money as a business.
For example, rather than paying someone to man the phones all day answering mind-numbing questions like, “What time do you open?” and “Can you ship items to the Isle of White?” you could get a chatbot to answer them for you on your website or use a virtual telephone answering service like our friends at Good Call.
5) Seek out budget hacks
We didn’t really like Tesco’s strapline when it first came out but “Every little helps” is definitely quicker to say than “Look after the pennies and the pounds will look after themselves”. Whichever version you prefer, the sentiment is true. Adopt an attitude of cost saving for 2019 and you’ll be surprised how many opportunities you spot.
For example, if you need stock images then head over to Pexels or Unsplash rather than paying a fortune in royalties. Or switch from sending out physical invoices to using an online system – if things need signing you can always use an e-signature service like Docusign. This last example will reduce your paper usage too, which is good for the planet, so that’s a bonus win right there.
So, which one do you think offers your business the best chance of saving money in 2019? If it’s #3 then give us a shout to see how we can help (you’ll be ticking box #2 and probably #4 too, so it’s an all round winning choice!).