Running out of money is the most common cause for small businesses closing down, its not that they did not make a profit, its that they ran out of cash. Reducing costs should be a priority for all businesses.

1. Cost Reduction Strategies
For Small Business & Startups

2. Cost Reduction
Running out of money is the most common
cause for small businesses closing down, its
not that they did not make a profit, its that
they ran out of cash.
Reducing costs should be a priority for all
businesses.

3. Technology
Review your current IT infrastructure
and software strategy.
Cloud Computing and/or
virtualization could reduce your IT
spend significantly.
Instead of paying license fees for office and
productivity software products consider
using an open source option

4. Overheads
Get control of your utility bills
by analyzing how much energy
you have consumed over the past
year and how much money you
have spent.
Firstly you should use this information to
decide how you can reduce consumption
and where. Secondly you should try and
broker a new deal with a new supplier

5. Office Costs
If you own your office consider selling
it and leasing an office where you do
not have to maintain the building.
Consider moving your office to a
cheaper location.
Consider offering your employees the
option working from home, a high
percentage of employee would take
this option, thus allowing you to
downsize your business office space.

6. Staff Costs
Consider using temporary or freelance staff instead of
permanent staff.
Outsourcing back office functions can save money and
improve productivity..
There are great outsourcing options for finance, IT,
administration and reception

7. Marketing & Advertising
Stop immediately marketing
campaigns you cannot measure
performance
Focus your money on advertising
that can be measured and is
aligned to your corporate goals.

8. Business Insurance
Businesses insurance cannot
be avoided, but ensure you
review your policy annual
and make sure you are
getting the best possible
price.
Shopping around with other
suppliers may take time but it could
save your business thousands every
year.

9. Travel
Travel should be restricted to sales meetings and
business critical meetings.
There are many great web conferencing and video
conferencing solutions out there that will save you
money.

10. Think Outside The Box
Every business is different, keep
thinking of ways to improve
processes and reduce costs.
Hold monthly meeting with
employees to think of new ways
to save money and improve
productivity.
Offer employee's incentives to
come up with ideas, it will save
you money in the long term.

11. Contact Us for help with
Reducing Your Costs
www.arinobe.com smb@arinobe.com
0203 286 7829 +447825 002 908
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