In today’s fast shrinking economy we really have to think of ways to save on our dead costs. Remember the old saying, “A penny saved is a penny earned,” well it has never been more true than now. Whether we own our own commercial property or rent serviced office space we have to try and think of ways to either cut costs or maximise the facilities that we have.
Do you have any spare parking spaces at your premises? If so – is it possible to rent these out either on a short or long term basis. Many areas are extremely short of parking so this could be a real good earner.
And what about sub-letting? And I’m not just talking about office space – what about loft space for storage, or even a wall with built-in shelves that someone can rent to store their records.
Does your receptionist, secretary or accountant have any spare time due to the downturn? Could you sell their expertise. Take messages for the company next door, share accountants, share typing.
What about your delivery trucks – are they always full or could you do deliveries for someone else at the same time. The same goes for your sales reps. Could they enlarge their catalogue. They are making the calls at any rate – best to maximise every call to full effect.
Another way to save is to maximise buying power. Call on all of the companies around you and put together a buying group. The price of buying one ream of paper will never be as good as the price that you will get for buying 20 reams.
See if any of the surrounding companies are willing to engage in some barter. They may need some IT work and you may need your trucks serviced – come to a mutually beneficial trade and save.
It’s time to do some serious lateral thinking – so lets do it.
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