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Small Business Cost Saving Tips

Setting up and running a small business can be expensive. There are office costs, website costs, staff costs, telecommunications costs, after hours costs to name just a few. It can also put some serious pressure on your personal cash flow as you try to fund all of these start up costs. Here are a few tips to help you get your costs down and get your business moving ahead.


Telecommunications Costs

This is an area that can be very expensive but also very confusing. There are some great deals to be had if you shop around and package up the items that you use the most of. Our suggestion would be to look for a package where you can bundle together your land line calls, your mobile calls and your internet connection. These days a lot of business is done on a mobile so it is important to get the best mobile rates. Many of the telecoms providers will give unlimited calls to mobiles as part of their package however you need to check that this covers all networks.

Telephone Answering Services

Employing a receptionist for your small business can be expensive. Apart from their salary you are also up for superannuation, holiday pay, long service leave, payroll tax and a whole bunch of other costs. There is an easier way. With a virtual receptionist service from Virtual Reception you can have all of your incoming calls answered promptly and efficiently by one of our professional receptionists. The cost of using our corporate receptionist services is only a fraction of the cost of employing a full time telephonist. There are also no hidden costs like

Virtual Office Services

Rather than going through all of the hassle and cost involved with setting up a physical office why not set up a virtual office. A virtual office gives you the best of both worlds, you can have a prestigious address in a first class CBD building at a fraction of the cost of getting the physical space. With a lot of virtual offices you can rent out meeting rooms for when you need to meet with clients or just need a physical space in the CBD. When combined with a virtual reception service it gives the impression of substance at a fraction of the cost.

Freelance Staff

When used effectively offshore freelancers can be a great way to save significant amounts of money. Freelancers or virtual assistants can help with a wide range of tasks including logo design, data entry, various design tasks etc. Sites that you can use to find your freelancers are www.freelancer.com and Odesk.com. Don't always opt for the cheapest quote. Check carefully to see what sort of reviews your freelancer has got and how quickly they have delivered on their project. It can take a bit of time to find a good freelancer however once you do the benefits can be huge.

Review all of your costs, even the small ones

You will be surprised at how much money you can save simply by taking a fine tooth comb approach with your expenses. Make sure that you review each individual line item and question whether it is needed or not. If you do need it, then you should question whether you need to use your current supplier or whether you can find someone cheaper. If you take this approach then you may be pleasantly surprised at how much money you can potentially save.

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