As any business owner will know, many different expenses come with owning a business. From the very basic pens and pencils that you may need, to the significant costs of computer equipment and vehicles. But if you do your research, you may be able to reduce some of these costs and make sure you stay within your business start-up budget. Make sure you have a business plan including all of these expenses; otherwise, you may end up caught out and over budget. So what expenses can you expect when you start up a business?
Of course, it depends on the type of business, and what kind of industry you are working. But most companies have a need to print at some point. It’s obviously more cost-effective to try and reduce printing as much as possible, and it also reduces the effect on the environment. If you do need to print your work there are many options. Office printers can run into the thousands, but you can hire them, choose managed printers, or alternatively, you can find some to suit a small budget. A paperless office may be the answer to reducing your printing costs; however, thorough research on this one will save you a lot of time and money.
Stationery
The standard stationery needed in any business will be things such as writing materials, staplers, hole punches, rulers, etc., but this can also go as far as business cards and print stationery, plus all the different items that you may need to provide your customers with. If for example, you are a photographer, you will find that your stationery costs may run a little higher than other businesses. You must consider whether you will need to post anything to your customers as well, as the stationary required for this must be factored into your postage and packaging cost too. If you want to reduce the costs of your stationery, it’s best to research stationery suppliers in your local area or online, and set up a business account. This will give you the option to buy at wholesale prices, and receive exclusive discounts only available to businesses.
Mobile/Communications
When it comes to communicating with your colleagues, customers, and suppliers, you obviously need a mobile phone or a landline to be able to do this. Mobile phones cost quite a lot of money, so they do need to be included in your budget, but many mobile phone providers do you have business plans available, that you can choose from, and potentially save a lot of money too. Data is also another thing to consider when you’re looking at mobile phone choices, because it’s 2019, and running a business is often done via mobile and remotely for lots of business owners now.
So write a list of everything you need, set a strict budget, and do the research. These are just some of the tips on how to reduce your costs but if you’re clever and careful with your resources, you will end up in the right place financially. It’s very satisfying to know that you have kept within budget and started your business on the right foot.
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