Money Saving Tips for Start Ups
It’s been said that a strong foundation is the key to building something that lasts. It could be a home, a marriage, a business, or anything else that you want to stand the test of time. Start-ups and small business owners know this better than most, and appreciate that a strong foundation, and good habits from day one, can lead to great success in the future.
Part of building that strong foundation is knowing how to concentrate on what’s important. We’re talking about your attention as well as your capital here; you don’t need to waste your time on distractions, or spend your money where it’s not needed. You just want to grow your business, not get mired in the distractions.
A big part of this is saving money. More importantly, it’s about knowing where to save money. There are some corners you don’t want to cut. For everything else, there’s a great money-saving tip just waiting to be discovered. Here are just a few money-saving tips for start-ups that will help you build that strong foundation.
This first one covers a lot of ground, but it might be the most important. Prioritizing is absolutely critical in the first weeks and months that a start-up is in existence. You have limited resources, so you want to be sure you’re using them where they’re most needed.
This, of course, refers to money as well as people. The money one is obvious: only buy what you need. You might be coveting that cushy leather desk chair, but you have to ask yourself if it’s really going to help your business get off the ground.
The same applies to hiring. You’ll want to focus on bringing in people who are essential to the operation; growth can wait. You may want to feel as though you’ve got a bustling company with employees to spare, but until you need them, keep your business down to just a skeleton crew.
Here’s something else to think about: more and more business owners are learning to consolidate their bills. A great place to start with this is to take a look at your Internet and phone bills. Did you know that these can essentially be rolled into one?
Consider switching to VoIP for your telephone needs. VoIP stands for voice over Internet protocol, and is a quickly growing technology that provides cloud-based phone systems to businesses large and small.
The advantages are manifold, but the most attractive one might be the savings. Since VoIP uses your existing high-speed Internet service, there’s no need to pay a second bill to the Phone Company. Installation is hassle-free and inexpensive, and after that you’ll enjoy big savings every month.
Another element of what makes VoIP so appealing is the fact that any computer in your home or office - as well as most smartphones and tablets - becomes an extension of your business. Since VoIP is cloud-based, you can receive work-related phone calls and retrieve voice mail from anywhere.
Furthermore, VoIP is as future-proof as any telecommunications technology can be. When your business grows, your VoIP network effortlessly grows with it.
If you’re thinking about making the switch to VoIP, give Broadview Networks a call today. Experts are standing by to give you a live demonstration of everything that their powerful business telephone systems are capable of.
When it comes to building your own strong foundation for your small business or start up, let Broadview show you the way.
Photo courtesy of jiminthesun via Flickr