When you’re running a business, you want to keep your costs as low as possible to make it more profitable. Some overheads are essential, but that doesn’t mean you can’t save money on them. We’ve put together 4 ways to reduce your business overheads. Be prepared to spend an afternoon looking at ways you can reduce your costs – it’ll be worth it.
1. Compare vehicle insurance
If you’ve got a number of cars or vans, the insurance soon adds up. Take a look online and get some quotes from various insurers to see if you can save. You might find that you can save more money with a fleet policy.
It’s likely you carry a lot of tools and materials in your vehicle, so you may want to insure the contents of your vans too. Get comparison quotes for this as an add-on to your policy.
2. Switch and save energy
Take a look around your business premises. Are you leaving lights on unnecessarily? What about computers and printers? Taking more care with saving electricity will help you reduce your overheads, but you could save even more by switching energy provider. Again, take a look online to find the best prices.
Also, it’s a great idea to take a look at your office and see where you can stop wasting energy. Change your lightbulbs to energy saving ones and see if you’ve got any draughts you can block up. And in the summer, if you’ve got air con, try opening the windows first before blasting the office with cold air.
3. Go paperless
Do you still send out paper quotes and invoices? You could save hundreds on your business overheads every year by switching to email or an app that sends paperwork for you. The Smart App and Smart Dashboard allows you to send out quotes and invoices to your customers, reducing your spend on stationery and stamps.
4. Assess your fuel costs
Fuel costs are constantly rising, so try to reduce your overheads by filling up your tank to three-quarters full every time. Your vehicle will be lighter, so will use less fuel to move. Also see if you can join any schemes – Quotatis members get exclusive discounts on fuel so you can travel to jobs further afield without worrying about the cost.
Another great way to reduce fuel costs is to plan your jobs and schedule to be in the same area. Where possible, group jobs together so you don’t have to keep travelling across town and country.
Try these tips and see how you get on with reducing your business overheads. And if you’re not a member of Quotatis yet, what are you waiting for? With Quotatis’ Smart Savings, you can get fuel discounts, cheap energy for your business premises, cheap van hire and insurance and much more. Call 0203 514 4086 to find out more.