It’s three years old, but Entrepreneur.com has a great cost-cutting article on “50 Ways to Save Money in Your Business.” It’s chock full of practical, useful ways to cut costs now.
I have cited this story before, but they changed the link, so click here for 50 ways to Save Money.
I like these two tactics in particular:
“40. Form a buying alliance. Join with another business or a trade association for bulk purchasing discounts.”
“50. Seek at least three bids on everything. Even mundane purchases merit shopping around. If you quote a competitor's lower price, a supplier or vendor will often match that price to win your business.”
Now read my previous post, How have you cut costs?, to see how you can win a free coffee mug by sharing your favourite money-saving tips. (Deadline is Jan. 31, 2008.)