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Cost Reduction Strategies
For Small Business & Startups
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.
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
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
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.
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
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.
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.
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.
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.
Contact Us for help with
 Reducing Your Costs

  www.arinobe.com   smb@arinobe.com




  0203 286 7829      +447825 002 908




  arinobe_sme       arinobe_sme

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Cost Reduction Strategies for Small Businesses & Startups

  • 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 arinobe_sme arinobe_sme