Young Upstarts

All about entrepreneurship, intrapreneurship, ideas, innovation, and small business.

Smart Solutions To Reduce Expenses For New And Existing Businesses

There is no doubt that business expenses can add up rather quickly. General operating expenses such as rent, internet, phone, and utilities are expensive. Materials and equipment are necessary. Printers, fax machines, computers, and other office supplies add to this cost.

Where to Start Cutting Expenses.

One of the most used products in offices is paper. For example, each worker in an office can use approximately 10,000 sheets of paper each year. In addition to the amount of paper used and the replenishment of this paper, the cost of maintaining paper files is expensive. A business can easily spend up to 50% of their budget on filing, keeping the system up to date, and finding the information after it is filed.

Paperless Solutions.

It is very important to reduce the amount spent on expenses, particularly for new businesses starting out on a modest budget. Paper has continued to rise in cost as the timber needed for production exceeds regrowth. One of the ways to reduce this expense is to digitize. Not only does this option help businesses to use less paper, but it provides faster access to information. One example of a company that helps businesses save on the cost of paper by offering this service is GoCanvas.

How App-Based Systems Help.

Using electronic communication for reports, forms, and memos eliminates the need to use paper for printing several copies. E-mails can be used to inform workers of important information they need to know on a daily basis. In addition, it is easy to set up a website with access for employees to an informational area. Documents can be stored electronically. Compressing the data helps to eliminate the need to use large amounts of paper and the filing space needed to contain the documents.

Reusing Paper.

It will likely be impossible to completely eliminate the use of paper, but it is possible to reduce the amount used by following a few simple steps. When printing information for use within the office, print on both sides of the paper. Every time this is done, it saves a sheet of paper. Set the fonts smaller. This will allow more information to be printed. Recycled paper can be used when taking notes or jotting down information. When printing something, only print what is needed. There is an option on the print menu that allows this to be done instead of printing the entire document.

There are many ways to reduce business expenses. Many people would be surprised to learn just how much waste there is in a business. One of the most common, particularly in offices, is the paper used in copiers and fax machines.

Share

Young Upstarts is a business and technology blog that champions new ideas, innovation and entrepreneurship. It focuses on highlighting young people and small businesses, celebrating their vision and role in changing the world with their ideas, products and services.

Tagged as: , ,