Hopeful entrepreneurs and business owners
always dream of opening up their own business and the truth of the matter is
that it is costly. But for those who are in the process of opening up their
first brick-and-motor location, regardless if it's a retail store, office, body
shop, or anything else, there are some ways you can save your business money
from the get go. Here is a list of tips that can let you keep more cash in your
pocket!
Lease
Property
When it comes to opening your doors,
consider leasing a commercial space when first starting out. This typically
allows you to save money upfront compared to putting down a large amount of
money for a mortgage. It also gives you the opportunity to move if your
business continues to grow.
Help Desk
Services
Instead of hiring full-time receptionists or
secretaries, immediately start your business with help
desk services outside of your business. This will cut your costs big time
because you won't be paying for health benefits or pay them during slow times.
It also gives you the flexibility of having calls taken 24 hours a day, 7 days
a week – even if your business isn't open. You'll be able to capture potential business
at all times of the day and year, making the idea even better.
Immediately
Go Green
From CFL light bulbs to low-flow faucets to eco-friendly paper
products, immediately turn your business green. Others who try to transition to
green practices part way through their existing operations tend to waste time
and money because the transition will cause work disruptions and affect their
bottom line. Additionally, going green allows you to save money on energy bills
and might even allow you to benefit from a tax break.
Find Partners
Last but not lease, try to find investors or
partners that are willing to help your business grow. Look for reputable and
well-established prospects because they may be more likely to join force with
you. When you do present the opportunity, make sure you've done your homework
by having financial projections ready, a clear and concise business plan and
other documents that represent a good deal.
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