HomeBusinessSmall Business Tips – Ways to Save Money On Your Daily Business Purchases

School starting this early has gotten me behind schedule with my blog posting. Hopefully I’ll be back on track next week. Enjoy today’s post.

Small business owners worry about cash flow when times are tough like everyone else. This is a valid concern because small business owners have more responsibility than people that are just employees. Entrepreneurs are sometimes responsible for payroll, supplies, and benefits for their employees. In addition to these responsibilities, they have to buy the things they need for their own household to run smoothly. Just like you can save money on your household purchases, you can save money on the purchases you make for your business. The rest of this article will show you how you can save money on your daily small business purchases.

Save money by buying secondhand clothes.
Since you are working from home now, your wardrobe needs have changed. This is because you aren’t in other people’s faces everyday. You don’t have to have brand new clothes all the time because no one is going to see you. Now you should have one or two power suits for the rare times that you have to meet clients. You can get decent suits from consignment stores in your area.

Buy used equipment
As long as no safety hazard exists, there is no reason why you can’t use pre owned equipment. As long as whatever it is you are buying does what it is supposed to do, there is no reason to buy it used. You can usually find used office equipment by going to auctions. Sometimes when business fail, they sell their equipment at very low prices.

Don’t skimp on professional services.
There are some things that you don’t want to shortchange yourself on. You don’t want to use cheap attorneys and accountants. You will wind up paying double just to fix whatever it is they screwed up. Also don’t fall for using these cheap virtual assistants out there. Once again you will wind up spending time fixing their work. Some things you need to spend good money on. Decide what is in your budget for such services and go from there.

Whether you are making money or not in your business, it is a good idea to control your expenses. You don’t want to spend all of the money you worked so hard to make frivolously. Use some of the tips in this article to help cut down on your spending the right way. You don’t want to cut back on things that are important to the survival of your business.


Comments

Small Business Tips – Ways to Save Money On Your Daily Business Purchases — 4 Comments

  1. Pingback: Save Money Phone Bill Telecom Auditing

  2. I am never against buying used equipment, so I am glad that you brought that up in this article. You can really save a lot of money when it comes to buying used copiers, computers, fax machines etc. These machines work just about as well as brand new ones.

  3. Given my website, I’m a little bit biased toward using professional accounting services as a way to save long-term. But the tax code undergoes so many changes that a non-professional can’t possibly keep up with them. Using a pro can save a lot of headache later on, especially if you’re audited because most accountants will handle that as well. As for your other recommendations, I second buying used equipments — nowadays, there’s usually a glut of those because of places going out of business.

    • Leo, I do agree that using a professional accounting service is the best bet for the long term. I don’t want people to be like, Oh well I can’t afford an accountant so I won’t start my business. I do think small businesses should work towards being able to use a professional accountant.