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Money Saving Tips
by Dr. Robert Sullivan
Seemingly
insignificant items can add up to major savings for your
business. Consider the following and watch your bottom line
improve:
Negotiate
everything including services. You can frequently purchase
at a discount by merely asking. Always request a discount
if you pay cash or intend to pay within 5-10 days.
Comparison shop
for all your needs. If you have been purchasing similar
goods from the same vendor for a few months, put your
regular order up for bid with the competition ...it is
likely you will do better.
Shop by mail
order whenever possible. It is frequently economical and
convenient. Use a credit card for mail order ...if you
have a problem the credit card company will assist you.
Toll free calling
can add up to major telephone savings. Numerous vendors
and suppliers have 800 numbers which may not be widely
advertised. Don't purchase an expensive "800 directory."
Either use the toll-free operator (800 555 1212) or better
yet, search using the internet (http://www.tollfree.att.net/dir800/)
Barter, it works!
This is a great way to help your cash flow. There may be
tax consequences so check with your accountant or CPA..
Monitor telephone
usage & supplies. Telephones and supplies are often
misused and considerable savings are possible by being
diligent.
Monitor energy
consumption. Utilize auto-setback thermostats and
automatic light switches. Savings can be dramatic.
Shop for the best
telephone service. Rates and services vary considerably
between suppliers. Furthermore, rates change frequently.
Shop around from time to time and switch if necessary.
Use FAX or E-mail
instead of mail. You will save the cost of postage, paper,
envelope, mailing time and get instant delivery! Send
messages in the evenings or weekends for further reduced
telephone rates and save even more. Most FAX machines and
e-mail systems provide for delayed sending.
Robert Sullivan is the author of The Small Business Start-Up
Guide, and United States Government - New Customer!. He
frequently lectures on starting small businesses and appears
on CNBC's "Minding Your Business" as a small business
expert. His books may be ordered toll-free by calling 1 800
375 8439.
Robert also
developed and maintains an extensive award-winning Internet
website, "The Small Business Advisor," at http://www.isquare.com
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