Money-saving tips for your company
While all businesses have fixed costs and overheads, there is still significant wastage in many firms – much of it entirely avoidable. From simple things like leaving the lights on when rooms aren’t in use to more costly issues like underperforming employees or paying for unused software, there is often a wide array of ways you could save your firm money.
Read on for some of the more common financial drains companies often experience that are very easy to rectify.
Unused software – the stats that might shock you
A recent study found that, on average, each computer in offices around the world has a shocking $259 worth of unused or unnecessary software. In the US alone, that figure equates to $30 billion.
Perhaps more worryingly, with software manufacturers increasingly moving to subscription models, it’s quite likely your firm could be continuing to pay for applications you don’t even need.
Take a look around your office computers and check for apps you don’t need. It’s quite common to download software for a single-use project, then completely forget to remove it once you’re done so you should do a thorough check of your machines.
Repair rather than replace
In today’s somewhat throw-away culture, it can often be tempting to simply replace aging items when they could quite easily be recovered to working standards by doing a little repair work. Of course, if materials or equipment aren’t fit for purpose, they should be replaced, but consider the options before just shelling out for new equipment to determine whether it might be a better idea to have it repaired. For example, C&B Equipment provides vacuum pump repair services on machines that would otherwise be very expensive to replace.
Put loyalties aside and ditch those underperforming employees
One of the toughest parts of running a firm is dealing with problematic or underperforming staff. However, if you have members in your team that aren’t gelling with the rest of your staff or are simply not doing their job to an acceptable level, you need to draw the line and dismiss them.
Problem staff won’t just drain your finances, they can also wreck internal team morale and help foster a culture of laziness. Get rid of problem staff rather than just putting up with them.
Use technology to reduce your utility bills
It can be very easy to run up huge utility bills through staff turning up the heating or leaving lights on, so think about using tech to limit the control they have. Today’s automated systems could see you making huge savings by regulating the heating in buildings or using sensors to automatically turn off lights in rooms that aren’t in use, etc.
Move your digital services to the cloud
Cloud computing is one of the fastest-growing sectors of the entire IT industry and is revolutionizing how firms use technology. Partnering with a cloud provider won’t just supercharge your company’s IT services, it will also save you considerable money and give you access to the latest and fastest tech. Cloud services are also more secure than trying to run an internal network – plus, they have the added advantage of automatic backups and 24/7 support.