How To Save Expenses For Enterprises

Use open source software

Millions of organizations are using free software such as Linux, including Google (Google), Ticketmaster and the Canadian government.

They do not pay any licensing fees, and volunteers from all over the world continue to support the mainstream system.

Many people in the IT industry hate this idea, because it has greatly damaged the business mode of IT industry, but conditional supporters are becoming more and more popular.

Stochastic audit expenditure

The abuse of money is endemic, but if employees know it, even their cell phone bills will occasionally be affected.

Use purchasing experts

For electricity and insurance costs, you need to buy together with others to negotiate volume discounts, especially if you run a small company.

You can improvise with partners or regular syndicate arrangements to improve efficiency.

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Barter trade

This may be especially useful for start-ups.

No matter what services you provide, see if you can trade with suppliers in exchange for their services.

There are few entrepreneurs trying this way, but at least you may be able to negotiate discounts for equal goods.

Buy second-hand goods

We often buy second-hand kitchen equipment for restaurants.

If you can save money, don't hesitate to choose secondhand goods instead of new ones.

Take the lead in controlling costs.

As a boss, you should always question the cost and try to make people think you are frugal rather than extravagant - at least for company assets.

If you are wasteful, you will set a bad example for others to use the company's money.

Signature on cheque

Many of the most successful founders I know still sat down to pay all bills every week, so they knew exactly what the money was for.

They will scrutinize abnormal items and take the responsibility of owners.

Ask for advance payment discounts.

If you hold cash, this may be a good way to increase profitability.

If suppliers are under financial pressure, they will probably agree to pay a 5% discount for quick payment.

If you put your money in a bank, it will take almost two years to earn the money at the current low interest rate.

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Monitoring absenteeism

Obviously, nearly 2/3 of employees do not bother you.

But in Britain, the average cost of each employee absences is 692.

This will reduce productivity and bring extra pressure on the attendance staff.

You should set the goal of staying away from work and return to work at the right time.

Buying by auction

Online bidding for supplies has become more and more common, especially in the field of graphic design and network programming.

There are many websites like Ebay, where you can make an auction summary.

I recently used this system to build a rather good website with less than 2000 pounds.

Know what each employee is doing.

A thorough analysis of the duties of all employees is carried out at least annually, and efforts are made to calculate their true productivity. If necessary, the positions will be rationalized.

Remember: no one will tell you that their workload is not enough, or their contribution is not important.

Question about travel

Video and teleconferencing can replace many expensive conference tours.

Moderate investment in the latest technology can save a lot of time and travel expenses.

It is only when other channels fail to achieve the effect that it is necessary to have face-to-face communication with people.

In many cases, employees travel only because they like to have time not to open their offices.

Simply let headquarters close.

Sure, this is radical, but with modern technology, everyone can work remotely, and many jobs can also be outsourced.