With the Australian economy nearing a recession many companies are cutting back and trying to save money on unnecessary overheads. I have compiled a list of ways businesses can save money, not only now but also in the future
They are very simple and easy ways to save money and best of all they have no or minimal impact to your operations
Video/Conference calls
Many companies now offer cheap options for video and conference call facilities. Skype even offer free video calls for Skype to Skype calls. You will be saving on travel costs such as petrol, airfares and accommodation
Cheaper airfares
If you need to attend that interstate or international business meeting ensure that you book your flights in advance. Qantas and Jetstar offer cheaper flights for those that book flights in advance. The later you leave your flight booking the more you will pay in airfares. The savings can be well worth it. For example a fully flexible Sydney to Melbourne return flight with Qantas will cost around $740 whereas their e-deals cost you only $340 return, which is nearly a 50% saving! Be mindful that when booking internet fares that there are restrictions on changes and cancellations, so if you are a traveller that makes a lot of changes than ensure you book a flight that you can change or cancel
Hire contractors rather than permanent staff members
Using contractors can save you a lot of money. Contractors are paid per hour and as they are contractors you don’t need to pay superannuation, sick leave or holiday pay. Generally contractors use their own equipment so you don’t need to supply any equipment or programs. You can outsource almost any task these days whether it is a virtual assistant, book keeper or an accountant.
Go paperless
Why not help the environment and turn your office into a paperless office. You will save on printing supplies such as toner and paper and the best thing is you will also reduce the amount of filing you need to do.
Monitor your electricity usage
Save money with these really simple ideas that will reduce your electricity bill
1. Try to position your desk to maximise the natural light, so that you don’t need to use the lights all day
2. Use energy saving light bulbs
3. Turn off equipment when you are not using it.
4. Do not leave equipment on standby
Use an online fax service
Online fax services are a great idea to save money, companies such as and Faxmate provide this service for as low as $10 per month. Outgoing faxes are sent straight from your PC and the incoming faxes go directly into your Inbox.You will save on line rental, equipment and toners or even repairs to an old machine.
Cheers
Nicole
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