Many businesses use ISDN or PSTN for their phone systems; and if that's what you are using, it's time for you to consider switching to a system that will be not only more efficient, but cost-effective as well. Regardless of the size of your business,...
When your business is thriving, you probably don't think too much about your costs. We don't really attempt to fix things that aren't broken now do we? But the business landscape has its peaks and troughs and there are times when financial conditions take a...
Many small businesses work on a very tight financial base and business owners find that when they try to implement any cost-cutting measures in their company, it impacts the efficiency of their business. But all's not lost and there are a number of effective ways...
When you've run a successful business for a while and reduced all major costs as much as you can, you can sit back and relax a bit can't you? What would you say if you realised that perhaps, you're inadvertently leaving money out there on...
One of the major trends last year, within procurement, was Key Performance Indicators (KPIs) and how the outcomes can be measured. If you are a business that offers services within procurement, the 4 main value-added areas your business has to be measured against include: Value-added KPIs #1...
Saving power can be one of the most basic and effective ways of improving your business' profitability. A few well-planned power saving changes can help reduce your energy bills, conserve energy as well as reduce carbon pollution. When you set these measures in place, you...
Cutting various costs can be an easy and quick way to up the profitability of your business. When you introduce cost-reduction planning and measures, it helps bring in savings immediately and you are able to maintain your profitability in the long term.However, it's crucial that...
Bringing new employees on board is an expensive and time-consuming activity and if you happen to make a bad hire, these costs escalate. It's not uncommon for small businesses to handle their own recruitment, but you should consider hiring a recruitment agency for the job.These...
When small businesses want to cut costs, the standard strategy is to lay-off staff. This is because about 70% of business costs are related to staffing and it's but natural that companies will keep this strategy at the top of their list when they are...
Traditional IT solutions are passé; now is the time for small businesses to embrace cloud computing. It's fast becoming the standard method of storing information and there are a number of benefits to using cloud computing: #1 It helps you save money Conventionally, small businesses spend money...
