In order to maintain good cash flow, while running a bouncy castle hire business, it is vital that you reduce your business costs as much as possible, especially in these uncertain economic times.
This short article looks at ten ways that you can quickly reduce your business costs……..
1. Free Stuff
You should try visiting some of the thousands of freebie sites on the internet before buying your business supplies. You can find free stationery, business cards, software, graphics, online business services etc.
If you have a business you should be bartering goods and services with other businesses. You should try to trade for something before you buy it. Barter deals usually require little or no money.
Try networking your business with other businesses. This will cut down on your marketing and advertising costs. You may also try bartering goods and services with them.
You’ll save money buying your business supplies in bulk quantities. You could get a membership at a wholesale warehouse or buy them through a mail order wholesaler. Buy the supplies you are always running out of.
Have you ever purchased business equipment you only needed for a small period of time? You could have just borrowed the equipment from someone else or rented the equipment from a General Hire store.
6. Online/Offline Auctions
Generally speaking, you can find lower prices on business supplies and equipment at online and offline auctions. I’m not saying all the time, but before you go pay retail for these items try bidding on them first.
7. Plan Ahead
Make a list of business supplies or equipment you’ll need in the future. Keep an eye out for stores that have big sales. Purchase the supplies when they go on sale before you need them.
8. Used Stuff
If your business equipment and supplies don’t need to be new, buy them used. You can find used items at used stores, yard sales, and here in the UK, the ever popular car-boot sales. Used stuff for sale message boards and newsgroups etc.
You should always try to negotiate a lower price for any business equipment or supplies. It doesn’t hurt to try.
You can always be searching for new suppliers for your business supplies and equipment. Look for suppliers with lower prices and better quality. Don’t just be satisfied with a few.