It never fails, the new year rolls around and I begin thinking about business. I've been called a workaholic but I really do enjoy working my home business. Most of the time, I'm not even in the office but out in the field with my husband and partner. In our renovation business, he does the heavy lifting and I take the payments. I think I'm going to do things differently this year. (No, I'm not buying a tool belt.) I'm going to save us money with these money savers.
I'm taking the billing department mobile. We've finally decided which credit card processing service we'll take. Now anywhere my cell phone goes, I can take a customer's credit card payment. We negotiated a low processing fee and find that this system is already saving us money. No more paper billing for us. Offset the amount saved (approximately $250 for paper and accounting time) with the processing fee ($25 for the first quarter) and we'll save about $225. That could end up with some good yearly savings. We'll play that by ear!
I've purchased a receipt scanner. It cost me $200 and came with the software. I can sort and file receipts under subcategories. This will make life easier for our accountant and hopefully save us some money. What would normally take him 10 hours to sort and file, now only takes minutes. Expected savings? $1000!
I'm trimming the mailing list and taking it online. Last year was literally the last year that I sent newsletters to our customers through snail mail. From now on, newsletters arrive in the inbox. We'll save over $400 in postage alone.
I'm hiding the petty cash drawer. It's so easy to reach for the petty cash in my home office when the pizza shows up and we have no cash. I'm breaking that habit, (sorry, family) and making the petty cash off limits except for office needs. Not sure what we'll save here but I suspect at least $100.
I don't currently need any new equipment but during the course of a year, things do break down. If they do, I'm committed to buying used equipment. No more new desks, seats and printers.
I've ditched the landline. That's $25 a month that hardly used anyways. I've swapped to an online fax service. I'm saving $800 this year alone.
I'm powering down at night. It's bad, expensive habit - leaving everything running hurts my pocketbook. When I leave the home office, I'm turning off the monitor, the computer brains, the fax machine and the lamp. I'm hoping I'll save at least $100 with this new method. (I'll be less tempted to work too.)
I'm hoping that I'll end the year with some significant savings!
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