Whether your business is traditional or Internet-based, every entrepreneur should understand that a business exists to earn profits. To earn profits, a business can do either or both of these two things: increase revenue, or cut down costs. Of these two, cutting on costs is definitely much easier than increasing income.
Use Best Practices:
1. Use Skype to cut your phone bill. Work smarter, get more done, talk more to your clients, cut your phone bill. Free calls, video and instant messaging, all-in-one.
2. Get free software. Ubuntu is a community developed, Linux-based operating system that is perfect for laptops, desktops and servers. It contains all the applications you need – a web browser, presentation, document and spreadsheet software, instant messaging and much more.
3. Stop paying for software: switch to Open Source software. Business software is outrageously expensive, but there is an option. Open source computer software is free, available all over the internet, and often performs better than big label programs. For example: use OpenOffice instead of MS office.
4. Cut costs when setting up your online store. Think going online has to cost an arm and a leg? You can start out by selling items for next to nothing on online auction sites like eBay and Yahoo! Auctions.
5. Use Linkedin and Facebook. Don’t waste money on recruiters. Get inside of linkedin and Facebook and start looking for people-it works better anyway.
6. Use Skype. For about $40/year, you can use Skype and call any number in the US and Canada, anytime.
7. Ask for a better price. Negotiate everything. When you’re shopping for any type of goods or services for your business, always ask for a better price. The worst that can happen is the supplier will say no–but they might say yes … By merely asking, you can oftentimes purchase at a discount.
Source : Technology Blog
1 comment:
Yes. you are right. I believe the sentence "Of these two, cutting on costs is definitely much easier than increasing income" is not a good way to go in a business. thats like going in defense. only when you think of income, you will think of new ideas for growth. Thats what i believe :) And, things are easier said than done. The cry over switching to open source is very acceptable but the reason why companies are reluctant to switch from MS and Oracle and others are mainly because a the price you pay for a product actually is the price you pay for the support. open source doesn't come with a standardized support structure. Well, thats why GOOGLE DOCS is becoming a massive rage among start-ups now as its is less cost, most of them are free and there is google for support. Microsoft, Oracle, apple etc who offers for price actually provides 24/7 support for them. so, open source should form a common platform and establish support groups. thats what is lacking here.
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