Tuesday, January 01, 2008

50 ways to save money in your business

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.)

1 comment:

Unknown said...

It really pays to scrimp and save. Just in case you've forgotten the value of a hard-earned penny, we've come up with a slew of money-saving ideas to boost your business's bottom line-from cutting your legal bills to inexpensive ways to draw in customers. Though some tips will save you more money than others, the end result of your overall spendthrift strategy could add up to a bundle.