8 Expenses You Can Stop Paying Today
New technologies can save you money in ways you may not have thought possible. And Everyone knows there are two ways to beef up the bottom line. You can make more money—and let’s assume you are trying to do that every day—or you can cut expenses. So, what expenses can you stop paying today?
Small business owners may think they’re already running a lean machine. They watch expenses every day. But there are always place to trim, always some other way to hold expenses down.
While there are many expenses you can stop paying, let’s start with the big ones. Here are eight items that you can easily toss out the window without compromising on quality.
1. Credit card machine
Still paying monthly fees on your credit card machine? Heave it out the door. For many businesses, online payment services like PayPal will get the job done just as well, and for those with the need to process physical cards, a mobile credit card processing unit is more flexible and far less costly. If, for security or other reasons, you still require a machine, talk with your vendor to see what else you can automate to trim your costs.
2. Telephone service
In an era when many people no longer even have a home phone, some businesses still are amassing major charges for calls. That’s avoidable. You can get a free Google Voice number and set up the calls to be forwarded to an app on a smartphone, tablet or computer which is connected to an Internet service that you pay for anyway. The great thing about this is that you can receive text messages from customers and see my call history/voicemail/text messages all online. Members of your team can also check messages online, respond to messages—make calls directly from their computer—and write notes about messages they’ve replied to. If you are away from the office, you can have the calls forwarded to my mobile phone so you don’t ever have to miss a call. Bonus: No more landline phone bills.
Employers consider it a “perk” to supply gourmet coffee in the break room. It used to be Starbucks, now it’s those nifty little Keurig cups. Most businesses still want their employees java-happy, but have ditched retail grind in favor of a bulk delivery service, saving “a tremendous amount of money each month on this employee perk.”
4. Office space
Why do we have all these fancy offices, after all? Telecommuting by staying home, or working from a coffee shop or anyplace else for that matter. Maybe as a business owner you won’t get rid of cubicles completely, but you might rent less floor space if employees telecommute, an easy proposition in today’s connected world for many industries.
5. Everything, anything
One-way to save money: Just stop paying for stuff. Anyone can barter: Find what you need, see what you have to share. “If you can, trade, trade! What are your skills? What skills do you need? Don’t be ashamed to ask for help.
6. Fax line
No brainer. You can fax directly from your computer if needed, but mostly, you can just scan documents and email them—for those not already in digital format. And many VOIP systems offer fax services.
7. Custom web design
This one sounds like a steep hill to climb, but you can do it. The most popular option here is WordPress, a consumer-grade management platform that lets you manage your own web presence with minimal fuss. Easy to get started and expandable over time. It even has ready-made themes. Fill in the blanks, there’s your web page.
8. Expensive software
Microsoft Office is not inevitable. You can stop paying for the ubiquitous software and switch to the free product Open Office. It does everything Microsoft does and it’s (did we mention?) free. Google Drive/Docs is an option, too.
Published by Marc Freedman
Marc currently serves as our Chief Cost Evaluator, expertly advising our client management team on how to help you successfully achieve your business and financial growth goals. A respected mentor to all he consults with, he is an avid collaborator and contributor to the spend consultant community, guiding thought leaders to formulate, design, and install the best operational solutions available to their clients.