Money Saving Tips
by Dr. Robert Sullivan
Seemingly insignificant items can add up to major savings for
your business. Consider the following and watch your bottom line
improve:
Negotiate everything including services. You can frequently
purchase at a discount by merely asking. Always request a
discount if you pay cash or intend to pay within 5-10 days.
Comparison shop for all your needs. If you have been
purchasing similar goods from the same vendor for a few months,
put your regular order up for bid with the competition ...it is
likely you will do better.
Shop by mail order whenever possible. It is frequently
economical and convenient. Use a credit card for mail order
...if you have a problem the credit card company will assist
you.
Toll free calling can add up to major telephone savings.
Numerous vendors and suppliers have 800 numbers which may not be
widely advertised. Don't purchase an expensive "800
directory." Either use the toll-free operator (800 555
1212) or better yet, search using the internet (http://www.tollfree.att.net/dir800/)
Barter, it works! This is a great way to help your cash
flow. There may be tax consequences so check with your
accountant or CPA..
Monitor telephone usage & supplies. Telephones and
supplies are often misused and considerable savings are possible
by being diligent.
Monitor energy consumption. Utilize auto-setback
thermostats and automatic light switches. Savings can be
dramatic.
Shop for the best telephone service. Rates and services
vary considerably between suppliers. Furthermore, rates change
frequently. Shop around from time to time and switch if
necessary.
Use FAX or E-mail instead of mail. You will save the cost
of postage, paper, envelope, mailing time and get instant
delivery! Send messages in the evenings or weekends for further
reduced telephone rates and save even more. Most FAX machines
and e-mail systems provide for delayed sending.
Robert Sullivan is the author of "The Small Business Start-Up
Guide" ($16.95), and "United States Government - New Customer!"
($27.95). He frequently lectures on starting small businesses
and appears on CNBC and NPR as a small business expert. His books
may be ordered toll-free by calling 1 800 375 8439. Visit
"The Small Business Advisor" at www.isquare.com