In tough economic times, it’s tempting to stop spending, hunker down and wait for the storm to pass over. But your organization can’t afford to slow down. So what do you do? The philosophy of a recession is another topic but as we see it, you can choose not to participate in it.
By figuring out how to decrease costs without screaming “uncle,” you might just find the extra cash to keep your organization moving forward.
Evaluate your technology:
Outside of payroll, one of the biggest expenses for most companies is the office equipment. Take a look at what you have and need, and see where you can cut costs.
Going green isn’t just good for the environment; it can also be a huge cost saver.
Remember that saving funds is only one part of a financial plan. Its opposite is growing your funds. Even when finances are tight, it’s important to think about how to do that, too.
For more ideas, search keywords “money savings,” “save money”, and “financial tips” on the Internet. You’ll find everything from personal to professional advice. Here are some articles to get you started: