78 Ways for Your Small Business to Save Money in this Economy
Inside CRM
Oct 14, 2008
http://www.insidecrm.com/features/78-ways-save-economy-101408/
With the economy struggling, every business is trying to cut costs to make ends meet. Small businesses, which have fewer resources, especially feel the burn.
Not to fear. We’ve come up with a mega-list of ways to trim the fat off your enterprise so you don’t become a casualty of the latest economic downturn.
Technology
1. Go green!
2. Switch to open-source software.
3. Consider a smaller ISP.
4. Check out VoIP.
5. Get a cheaper business phone service.
6. Switch from a merchant account to an online payment service like Paypal.
7. Reduce the number of phone lines.
8. Look for cheap or free web hosting.
9. Buy recycled printer cartridges.
10. Reassess your phone plan.
11. Eliminate unnecessary lighting.
12. Turn off equipment when it's not being used.
13. Lighten up.
14. Time yourself.
15. If appropriate, use laptop computers.
16. Stop paying for software.
17. Do it online.
18. Share printers.
Overhead
19. Reduce your variable expenses.
20. Do house cleaning on your weekly unneeded expenses.
21. Get a freelancer.
22. Keep a close watch on energy consumption.
23. Sublet office space.
24. Keep it in the family.
25. Hire college students or interns for credit.
Office Items and Office Space
26. Take advantage of member rewards.
27. Plan shipping or mailings.
28. Don't pay retail.
29. Eliminate unnecessary paper waste.
30. Barter.
31. Free form it.
32. Buy used equipment.
33. Check out going-out-of-business sales.
34. Get creative and recycle.
35. Opt for industrial space over commercial office space.
36. Clean up your mailing list.
37. Use online coupons.
Advertising
38. Word-of-mouth marketing works.
39. Create an e-newsletter.
40. Use YouTube.
41. Place an ad on local television stations.
42. Communicate on online forums and message boards.
43. Start a blog.
44. Use email.
45. Get to know your neighbor businesses.
46. Get your clients to advertise for you.
47. Be a guest speaker.
48. Join trade associations.
49. Prune your mailing list.
50. Be an early bird.
51. Shop around for an overnight courier.
52. Piggyback your advertising.
Insurance and Finances
53. Re-evaluate your insurance coverage and policy costs.
54. Consider a four-day work week.
55. Bank on an early deposit.
56. Consider outsourcing your HR, benefits and payroll to an external provider.
57. Order your checks from a printing company.
58. Consider raising your deductibles.
59. Ask about cash management or sweep accounts.
60. Take a stand on property taxes.
61. Check up on your medical insurance.
62. Consider a PEO (Professional Employer Organization).
63. Try to bargin.
64. Time your payments.
65. Seek at least three bids on everything.
66. Commission your sales force.
67. Form a buying alliance.
68. Don't overlook crucial tax deductions.
69. Save by association.
70. Temp it out.
71. Get the best business credit-card deal.
Travel
72. Shop for discounted fares online.
73. Get your rental car through a discount broker.
74. Sharing is saving.
75. Go dutch.
76. Don't eat where you sleep.
Think Outside the Box
77. Get an "executive suite."
78. Don't scrimp on disaster-recovery planning.
This is just a start, but these tips will definitely help your business make ends meet during the economic crunch.
Internet Censorship Alert
Internet Censorship Alert: Alex Jones exposes agenda to 'blacklist' dissenting sites (March 14, 2010)
As I predicted, the Obama Administration is trying to shut down the Internet - at least the parts he doesn't like. Barack Obamas regulatory czar, Cass Sunstein has stated that he wants to ban conspiracy theories from the internet. Think about what this means - Every video, every website, every blog, every email, that exposes or just criticizes the government for any reason whatsoever could be labeled a "conspiracy" and taken down. Your home could be raided in the middle of the night, and you could be carted of to jail for criticizing the government. All they have to do is call it a "conspiracy theory".
http://www.youtube.com/watch?v=aqAWmBLFodE
Showing posts with label economic downturn. Show all posts
Showing posts with label economic downturn. Show all posts
Saturday, October 18, 2008
Thursday, September 25, 2008
Bailouts will lead to rough economic ride
Bailouts will lead to rough economic ride
Ron Paul
Sep 23, 2008
http://www.cnn.com/2008/POLITICS/09/23/paul.bailout/index.html
Many Americans today are asking themselves how the economy got to be in such a bad spot.
For years they thought the economy was booming, growth was up, job numbers and productivity were increasing. Yet now we find ourselves in what is shaping up to be one of the most severe economic downturns since the Great Depression.
Unfortunately, the government's preferred solution to the crisis is the very thing that got us into this mess in the first place: government intervention.
Ever since the 1930s, the federal government has involved itself deeply in housing policy and developed numerous programs to encourage homebuilding and homeownership.
Government-sponsored enterprises Fannie Mae and Freddie Mac were able to obtain a monopoly position in the mortgage market, especially the mortgage-backed securities market, because of the advantages bestowed upon them by the federal government.
Laws passed by Congress such as the Community Reinvestment Act required banks to make loans to previously underserved segments of their communities, thus forcing banks to lend to people who normally would be rejected as bad credit risks.
These governmental measures, combined with the Federal Reserve's loose monetary policy, led to an unsustainable housing boom. The key measure by which the Fed caused this boom was through the manipulation of interest rates, and the open market operations that accompany this lowering.
Ron Paul
Sep 23, 2008
http://www.cnn.com/2008/POLITICS/09/23/paul.bailout/index.html
Many Americans today are asking themselves how the economy got to be in such a bad spot.
For years they thought the economy was booming, growth was up, job numbers and productivity were increasing. Yet now we find ourselves in what is shaping up to be one of the most severe economic downturns since the Great Depression.
Unfortunately, the government's preferred solution to the crisis is the very thing that got us into this mess in the first place: government intervention.
Ever since the 1930s, the federal government has involved itself deeply in housing policy and developed numerous programs to encourage homebuilding and homeownership.
Government-sponsored enterprises Fannie Mae and Freddie Mac were able to obtain a monopoly position in the mortgage market, especially the mortgage-backed securities market, because of the advantages bestowed upon them by the federal government.
Laws passed by Congress such as the Community Reinvestment Act required banks to make loans to previously underserved segments of their communities, thus forcing banks to lend to people who normally would be rejected as bad credit risks.
These governmental measures, combined with the Federal Reserve's loose monetary policy, led to an unsustainable housing boom. The key measure by which the Fed caused this boom was through the manipulation of interest rates, and the open market operations that accompany this lowering.
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