Running a small business is hard and reducing costs is harder, and rising costs came through loud and clear in the imar survey for 2023. imar provide 5 helpful ways to reduce costs for your small business.
Unused Subscriptions
These creep up on most people unfortunately including gym memberships or streaming. You may have signed up for a 6 month delivery service that you no longer use but you are still paying a fee. It is important to check your bills so that you understand exactly what you are paying for.
Sell Off Unused Equipment
Unused equipment and tools take up space and could be generating you cash. Common places to sell tools and equipment include Facebook marketplace and Gumtree.
Time Saving Tech
Save your valuable time and buy a software system that can issue invoices, assign it to clients when the money comes in, send you alerts for overdue accounts and manage accounts that need to be paid. Tech platforms include – Xero, MYOB, QuickBooks, Billdu, ServicM8 and Tradify are great pieces of technology to utilise in your business.
Go Paperless
Going paperless where possible will save you the cost of paper and ink, as well as hours in filing, buying folders and finding space to store the folders at a minimum. It is one of the admin tasks that takes a little time to set up and once you get going you don’t look back.
Shop Around
Every couple of years shop around for the best fuel card, electricity provider and insurance provider. Saving money can be as easy as making calls over a break. At imar you can call us on 13 4627 to provide assistance with business insurance or go online to find the best insurance solution for your business.
Imar can help reduce costs for your small business and there are 3 easy ways to get in contact:
- Call 1300 540 156 to speak to our dedicated tradie broker team
- Fill out our online Contact Our Experts form
- Go online and fill out the Quote form
Disclaimer: You should consider if the insurance is suitable for you and read the Product Disclosure Statement (PDS), Financial Services Guide (FSG) and policy wording before making a decision to acquire insurance. Please ask us for more details before we provide you with our services. Our FSG is available on our website.
