We all know that running a home business is very satisfying, and sometimes open liberating! No clock to punch, no dress code, and best of all, no boss answer. But there are also many aspects of business ownership that entrepreneurs must stay on top. One of them is keeping the cost to income ratio in balance. Below are seven painless ways to do just that.
1 How to save on expensive ink cartridges, print in draft mode, unless the client or the print will be reproduced.
2 After spending your hard earned money on those ink cartridges, turn them into a free ream of paper! Many office supply stores offer a free ream of copy paper when you recycle used ink cartridges in their stores. Ask your local office supply store if they offer this service for their clients.
3 Check that free paper last twice as long. How many times have you printed something without spell checking it first? Use the back of those misprints for making lists and jotting down ideas. Another way to keep paper use down is to use the dull leaves that are often printed last with only a small ad or footer on them. Turn them and print a blank page.
4 Sign up for a cash back / rewards credit card. Using a credit card for all your business purchases simplifies bookkeeping and makes categorizing expenses at tax time much easier. Why not earn rewards such as airline miles or restaurant gift certificates, or even better-cash, on purchases you make anyway? Just make sure that you fully read the fine print concerning interest charges and late fees. Or pay off the balance each month and avoid both!
5 Compare prices on Internet services. Some companies offer a discount when internet access is bundled with cable or telephone service. If you're really satisfied with your current ISP, call and ask if they offer any promotions that you can use.
6 Network with other home business owners and offer to barter goods or services. If you own gift basket business, assemble baskets containing a direct sales consultant products, and customers are buying from you both at once. bookkeeper can trade services with web page design. The possibilities are endless. You just have to ask.
7 For low cost advertising, contact organizations holding charity auctions or raffles. You supply the prize, whether it's jewelry or web hosting, and in return you will get exposure to your business and pleasure in donating a worthy cause.
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