Growing a startup is no small feat. It takes mammoth amounts of energy and effort to get a company off the ground; sustaining it becomes a whole different story. You need financial savvy and ingenuity alike to find success long-term.
Small Steps Towards Big Business Savings
But not all solutions for a company’s lasting sustainability come from huge investments and number-crunching. There are many small, often overlooked, steps that your business leaders can take today to build a strong foundation from which to grow tomorrow. Here are a few easy ones you can tackle in no time.
Protect Your Tech
In this digital age, more and more business-as-usual is taking place virtually, and your staff will need technology to keep up. When building a company from the ground up, tech—from laptops to tablets to phones and beyond—is one of the most significant investments you’ll make. And while all of these items are necessary, they will cost you a pretty penny.
While this expense is not easy to get around, you can do everything in your power as a company to protect that technology and ensure it’ll last for the long haul. Purchase protective equipment, like affordable Casely iPhone 13 cases, for all staff devices. Invest in good-quality spyware defense software to protect computers and the info you store on them.
In doing so, you’ll extend the lifespan of hardware and reduce expenses down the line.
Join Our Small Business Community
Get the latest news, resources and tips to help you and your small business succeed.
Reduce Energy Expenses
There are many factors that you can’t control when it comes to energy expenses for your business. And while you can’t change the market, you can adjust your daily company practices and procedures to reduce energy costs in ways that add up over time.
For some companies, this means investing in solar panels to power their workspace. For others, especially those just starting, there are inexpensive ways to cut costs.
For example, you can install a programmable or smart thermostat for your offices. This device allows you to use less energy for heating and cooling for hours when it’s not needed, like overnight.
Installing double-pane windows, using light-blocking curtains on sunny days, and keeping windows sealed are other inexpensive solutions that can take a chunk out of your electricity bill.
Use Less Paper
Paper expenses stack up. In fact, US businesses were wasting an average of $8 billion annually on paper costs alone. Yikes! While that number has declined thanks to more and more businesses switching over to digital record-keeping, it’s best if you build your business on this model from the get-go.
When paper is necessary, make sure you print double-sided and adjust margins to fit more text on a single page. Opt-out of in-print mailing lists and repurpose pages for scrap paper or note-taking whenever possible.
Reducing paper usage is an excellent move for the environment as well as for your business’s bank account.
Sometimes, the simplest moves can be the most effective and yet are the ones often overlooked. Take time to think through the details of your business plan. If you look closely, you’ll find creative ways to reduce overhead costs at every turn!
Some other articles you might find of interest:
Make your business rock with these business plan writing skills:
Would you like to know how investors value a startup?