3 Tips For Business To Get More Resources From Each Dollar Spent

Businesses need to be able to get the most out of each dollar spent. Sometimes it isn’t about getting services cheaper, but getting more services for each dollar spent. In the long run, tricks like this will do more for your bottom line than just eliminating expenses will. 

You need to be cautious on where to cut your expenses.  Some things are worth paying the extra money on if they can save you money elsewhere.  Here are three examples of places you can get more bang from your buck.

1. Don’t just rent an office space.  Rent an office, equipment, and staff all in one. Full service office space gives small budget businesses the big budget experience. Administrative services are included, saving you the expense of hiring an office manager and receptionist.  They are stocked with state of the art equipment, which will increase your efficiency. The space is fully furnished, giving you that sharp and professional look. They also provide you with comfortable and stylish conference rooms, which will go a long way to making a good first impression with potential clients. Officelist is a great place to go to find these services
2. Outsourcing some things may be more cost effective.  For instance, if you hire a bookkeeping service that also provides tax services.  This may be cheaper than employing a bookkeeper and tax professional in house.  Look around your community and see who is providing services bundled like this.
3. Use online resources for things like simple legal contracts or forming a LLC.  Many websites offer simple legal services, like Non Disclosure Agreements (NDA) and LLC formation services.  The legal forms are usually very basic forms where the language can be broad enough to cover a wide range of circumstances while still offering adequate legal protection.  You will enter information like your company name and the other party’s name, contact information, and other relevant details like the date or the jurisdiction the contract will be governed by.  Some allow you to upload a signature and send it electronically to the other party.  Unless you have unique or specific needs, these sites can often save you the cost of an attorney.  This blog gives some good examples of when you should and shouldn’t depend on online legal services; eyesonthedollar. 

There are many ways you can combine services at discounted prices.  Now that you know what to look for you will find these opportunities everywhere.  Don’t just look at the price tag, but look at what you are getting for your money.  A good visual for comparing services is to approach it as if you were buying a car. If you were buying a car you would think $6000 for a Pinto is a rip off, and rightly so, but $6000 for a brand new BMW and you would be sprinting into the sales office to sign the paperwork. Do the same with your business services.  Avoid overpriced Pintos and find that steal on a BMW.

Credit to: Jessica