The Pipeline Guest Post – Zoe Maldonado
Cutting overhead costs is one of the best ways to help your business succeed. With many businesses, the expenses are far easier to control than the profits. Cutting overhead doesn’t only help you on a financial level, but it also simplifies the management of your business. Cutting overhead costs is extremely complex and depends on the industry that you’re in, but here are some good ways to get started.
Move key resources to the cloud
Cloud computing is a relatively recent development and has been adopted by many companies as an excellent way to save money and operate at peak efficiency. With cloud computing, you take advantage of an array of computers over a private or local network like the internet. You can use these computers just for data storage or to host and run your business software.
Cloud computing is inexpensive, secure and Eco-friendly. Taking advantage of cloud technology means that you won’t have to spend any money on your own network or multiple software licenses; and you don’t need to have space for your own data servers. This saves you on both your technology budget and your rent and storage. Cloud computing also enhances the efficiency of your business because it allows your sales staff to access files and data from anywhere in the world. This efficiency can easily translate directly into increased sales. In addition, new studies are showing that businesses using multi-tenant cloud data centers produce less carbon than businesses utilizing the same types of services in-house.
Process sales on the go
Mobile credit card processing is the wave of the future. Even the big box stores have started taking advantage of this technology, and for small business use it has many clear advantages. With mobile credit card processing technology you can take a payment from a credit or debit card anywhere you go. These types of services often have a small credit card reader you can attach to a tablet or smart phone in order to swipe customer’s cards and close the sale right away.
Ditch the office space
With all the mobile apps for businesses available today, a physical location isn’t even necessary for many business owners. If you find that your staff is mostly on the road, and that you can do your work from home, ditching the office space can be one of the most cost saving decisions you make. If you need a storefront office, you can always down-size and allow some of your employees to “work from anywhere”.
Hire independent contractors
Independent contractors are on an hourly basis and can’t claim the benefits most employees do. Of course, you need to follow the government’s guidelines on whether your staff qualifies as independent contractors, but many do. You may not be able to get them for as many hours, but the savings will pay off.
Ditch the land-lines
Phone systems are often one of the most expensive initial costs for a company, but this goes back to the olden days when phone systems were the core of a business. Consider switching to mobile phones if it’s at all possible, because this will not only save you a lot of money, but it will also enable your staff to be more accessible to clients. Land-line phone systems have expensive monthly costs and are chained to a desk, so if your sales staff moves around a lot, land-lines are virtually useless.
About the author
Zoe Maldonado is a freelance writer and blogger for TechBreach who enjoys writing about all things mobile and electronic and spending time with her very active twin boys.