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August 26th, 2010

For any type or size of business it’s always the right time to cut costs. Top 10 Cost Cutting IdeasIt’s one of the few proven ways to improve profits despite thousands of articles about thousand of ways of doing so. You either increase income or cut expenses (preferably both, and in the right way). In four main categories – Mobility and Distance Costs, Employees and Management, Service and Utilities, and Technology – we have identified ten cost-saving opportunities and you will begin to come up with others once you start with these. Get serious about it, and you just might surprise yourself with how much creative penny-pinching you can do.

Mobility and Distance Costs

1. Maybe all of your sales calls don’t have to be done in person. Web-based videoconferencing and software like Microsoft Office Live Meeting allow you to make presentations online. Webcams are quite inexpensive compared to travel costs, by plane, train or car.

2. If you exhibit at trade shows and conferences, why pay for transportation or shipping when you can get all of your plasma rentals and other convention rentals from CRE? With locations in many cities, we can get what you need to any location, set it up and tear it down when the show’s over. Consider the same sort of just-in-time strategies in other operational areas of your company.

Employees and Management

3. Cross-training employees saves money in several ways. Instead of paying for expensive temporary help when employees are out, the less-costly alternative is cross-training employees so staff can move into support roles when needed. This is common practice among the creative pros that use CRE’s Mac Pro rentals, who know that “the show must go on.”

4. Increased efficiency is always a money-saver. Give your employees the business and software training that makes them more effective. There are loads of free training programs on the Internet, but you can also combine one good teacher with a room full of iMac rentals and educate your employees yourself.

Services and Utilities

5. Do a regular review of your core business expenses, the necessities. One example: Today’s many VoIP (Voice over Internet Protocol) services have reduced phone costs dramatically. Do a complete comparison of ones in your area.

6. Online faxing reduces the number of phone lines by using Web-based fax services instead of fax machines – which will also save you money on paper, ink, toner, electricity, etc.

7. Whether you’re in a home office or corporate office setting, you can work with your power company to reduce heating and cooling costs. There are a lot of options you may not know about, starting with a free energy audit.

Technology

8. Every company has a Web site now. Hosting costs vary widely, and quality does not necessarily track precisely with pricing. Some so-called bargain hosts boast better offers and uptime statistics than some expensive ones.

9. Consider a “combo” communications plan. As with home service deals, business packages can offer great value.

10. Think creatively and consider every alternative to a purchase. One of the great things about CRE’s computer rentals is that you always work with the current state-of-the-art equipment, without having to tie your money up in a purchase.

Do a little creative (and critical) thinking and you can make an immediate, lasting impact on your expenses. You will also help promote efficiency in general when all employees, whether two or 200, follow your lead into this new, improved mindset. CRE’s constant mindset is to be ready with the solutions you need for the obstacles you face. Contact an experienced Account Executive or fill out the online Quick Rental Quote and we’ll put our expertise to work for you.

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