Cutting costs in a small business – staff redundancies aren’t the only way

Original BAS

Piggy banksYou run a small business, a challenge in any economic climate.

If you need to keep a handle of escalating costs, making staff redundancies isn’t the only way.

From cashflow to energy efficiency, most startups and small businesses can make a number of seemingly small changes that will make an enormous difference.

  1. Are you using any overdrafts effectively?
  2. Are you getting the most competitive terms available?
  3. Are you getting the best deals possible from your suppliers?
  4. Can you streamline your production processes?
  5. Are you purchasing cost-effective, recycled products  such as recycled paper, ink cartridges and printer toner?
  6. Have you reviewed your energy consumption lately?

Read more details of these 6 tips for business cost management from Parker Chartered Accountants and Financial Advisors.

Parker are ICAEW Business Advice Service accredited Chartered Accountants based in Birmingham.

To get a free small business advice with them – or an expert like them in

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About cashflowkiller

Hi! I’m James and am passionate about my small businesses. A strong cashflow is vital for us so I will be curating the latest on cashflow and business news.

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