Have your fax machine set up so that incoming faxes are received via email. This will save you the cost of printing them each time + provides the correspondence in pdf format for you to save directly to your computer.

Empowering your staff creates trust, creativity, affiliation to the company and gives them a sense of achievement. This increases productivity and reduces staff turn over.

Purchase a quality product and you'll have the confience it's reliable and long lasting. Therefore less money spent in the long run.

Know what you can claim on tax and any tax incentives you may be eligible for.

We deal with a lot of print material. We always consult with clients for the cheapest and sustainable way of printing promotional material. We sometimes outsource international service for cheaper production or for us in instance, we designed all our stationaries beautifully in black and white so it's versatile and can be produced in cost effective way.

Cost savings are usually associated with tangible items. However, it is important to remember that staff time is an expense that can be saved by making their work flow and tasks more efficient.
This can involve reviewing repeatable tasks to see if certain things can be removed or done differently.
Sometimes it may involve purchasing new equipment. This will have a capital expense but over time the savings will cover the initial investment.
Training staff can also yield cost savings in the way of more efficiently working staff.
Cost savings should be looked at long term. Businesses should avoid short term cost savings such as not replacing old equipment, firing staff or replacing stock with low quality equivalents.

Count twice spend once that way your always ontop ....

Always carry spare equipment and stock in case of a breakdown, saving valuable time replacing goods if needed.

Invest the time into multi-skilling your staff. The more they know the better it is for the business.

Word of Mouth Advertising and working with others in the industry to cross-promote saves a lot of time and money

No longer pay for expensie restrictive software to run your business, instead move to cloud based applications allowing access from anywhere and more flexible dynamic applications which in turn allows your business to also be more dynamic!

Refill your printer ink and toner - you'll save hundreds. If you have an inkjet printer, look at getting a Continuous Ink Supply System (CISS) - the initial investment is worth it.

- Provide motivation and rewards to staff. A happy worker, works harder not smarter.
- Delegate responsibilities and assess wastage of skills and resources
- Plan short, medium and long term goals, and expenditure to align with the business objectives to limit unrecognised spending
- Change control processes, and review a proof of concept for all technologies
- Consolidation of technology and review intelligence in system interoperability
- Create promotions that only contribute to the organisations objectives
- Purchase in bulk

Monitor your advertising closely and find out which ads are getting you sales. If a particular type of advertising isn't generating income, then stop using that medium.

'Watching your pennies will make you dollars'

Work with what you have, use clever improvisation, and invest time (not money) in upgrading your skills and techniques.

Eg. For the photography/graphic design part of our business, we use a second-hand camera and make up for any lack in quality by employing both photography and digital photo manipulation techniques learned by watching youtube clips and mastered though extensive practice.

Instead of buying expensive reflectors, we purchased shiny steering-wheel covers for a few dollars.

We also use second-hand computers and free software.

Find out who your customers are & what they do. Chances are they have a service they can offer you in exchange for your service.

So far our company accountant, lawyer, cleaner, electrician & company car mechanic are are all loyal students of our dance academy, working for very little to no cost. In exchange we often refer their services to our students through our data base & best of all word of mouth.

It works great for all of us and we've made great business partnerships & friendships along the way.

Cost saving tip

We have cut down our "Advertisement & Promotion" cost by having a presence online, through Social Media sites and promoting excellent Customer Service for 'Word of Mouth' Advertisement. We also have started an industry "Latest News" item bulletin on our website. To gather the news & keep updated free-of-cost (since most of this industry news is available only to paid members/ subscribers) many clients log-in into our website very regularly.

We are building a good & loyal client base, which will result in business in the short and long-term.

Use LED or any Energy saving light globes, use smart power adapters were all electronics like TVs, DVD players, set top box's, hard drives and docks and anything else into them, when you turn off say the master unit which would be the TV after a few seconds it turns all off completely, so the 4 to 6 appliances are not on standby using unnecessary electricity, then when you want to turn them all on again you use the remote control to the power adapter outlet to turn them all on again, then if you leave the room for something and do not come back in 30minutes the adapter gives you 3 mins to click any button on any remote to tell the unit you are still using the appliances, if you do not click within the 3 minutes then the adapter will turn all appliances off completely. this will save a lot on your electricity with the prices going up so high.

We only order the exact amount cut to size for each job. This not only saves time and money it also saves unused waste that inevitably winds up in landfill. We also up-cycle old timber frames by gilding them in 12 and 23 kt gold to create unique one off designer frames.