You also reduce the amount of money that you spend on monthly service plans. It’s good etiquette to pay a portion of your employee’s plan, but you still get to save hundreds of dollars every month.
Use More Cloud Applications
Buying software can cost quite a bit of money. Most businesses find that they can save money by choosing cloud applications that charge monthly or annual membership fees.
In addition to saving money, your business can also get updated security features from cloud apps. For instance, if your office still uses an old version of Microsoft Office, it could have vulnerabilities that open your business to malware attacks.
Updating to Office 365, a cloud service, means that you automatically get the latest security patches to protect your business. You also get enhanced security from features that monitor users to prevent breaches, require multi-factor authentication, and encrypt all communications.
Reduce or Eliminate Paper
Buying a ream of paper costs about $10 for 500 sheets. Depending on how many pages you print each week, you could end up spending a lot of money on paper. Instead of throwing your money away on something that ends up in the recycling bin, turn to paperless technology to save money.
Going paperless offers more than an opportunity to save money. Apps can make it easier for managers to track projects, send files to employees, and monitor activities. In your quest to spend less money on paper, you end up with an office that operates more efficiently.
Replace Your Landline with VoIP
Even if your business only has a few offices, paying for landlines can get expensive. Many businesses choose VoIP (Voice over Internet Protocol) to save money and get more features from their phone systems. Some features that small businesses often like include call forwarding, call waiting, voicemail, and conference calls. VoIP providers often give you these extra features without charging additional fees. If you went through your local phone company, you would spend a few more dollars for every feature that you add.
Technology has transformed the ways that small businesses operate. Make sure you use the latest tech so you can save money.