Small Business Tax Center
Small Business Ideas, Grants &
Plans to Start & Run a Business:

Small Business Grants
Network in Cyberschmooz Community Ask Questions Questions and Answers Share Tips Small Business Ideas List Your Business Business Advice from Idea Cafe Experts Coffee Talk with Experts Starting A Business Business Plan Biz Planning | Sample Plans Small Business Ideas Idea Name Your Biz Name Plan Your Biz Plan Financing $ Starting a Business Do It! Running your Business Marketing Tips Promotional Merchandise Marketing Tips Marketing | Sales | Customers Human Resources HR | Employees | Contractors Legal Forms & Tax Information Legal | Biz Forms Managing a Business Managing | Operations
Financing Resources Financing Your Business E Commerce & Webhosting eCommerce Take Out Info Trade Publications FREE Trade Publications Business Books Biz Books Your Own Business Small Business News Small Biz News Gen X Biz Gen X Biz Work at Home Work @ Home Business Information The Fridge - Biz Info on Ice Destress Send Awards Send Awards & Greetings Yoga At Your Desk Yoga @ Your Desk Fun Guide Guide to Find FUN Online About Idea Cafe Press Idea Cafe has received Idea Cafe in the News Idea Cafe's Kudos Kudos for Idea Cafe Advertise on Idea Cafe Advertise on Idea Cafe Privacy Policy Privacy Policy Contact Idea Cafe Contact Idea Cafe Link to Idea Cafe Link to/from Idea Cafe Join Idea Cafe
Search Idea Cafe Site Directory Site Map Online directory to business resources Biz Web Guide

Expert Answers to Biz Questions

Listen in! Pick up some expert advice to a reader's question that we selected from CyberSchmooz.

color business bar

How To Save Money As A Small Business Owner


In the early stages of running a business, money can be tight. It can be difficult to keep a handle on your cash-flow situation, particularly when you’re faced with upfront costs.

Likewise, the current government restrictions in the response to the coronavirus pandemic might be causing you to tighten the purse strings. Whatever your reasons, with these simple money-saving tips for small businesses, you should be able to navigate the storm.


1) Negotiate with suppliers

If you’ve got a supplier that you’ve built up a strong working relationship with, you may be able to negotiate a better deal with them for the products and services they supply you with. If your current supplier is unwilling to budge, don’t be afraid to look for quotes elsewhere. You’ll be surprised at how many suppliers will change their tune when a rival offers to beat them on price.


2) Locked down? Get a lock-up!

If your business is currently affected by the Covid-19 lockdown and you’re renting a commercial premises, you could be wasting exorbitant amounts of money on rental costs with no real answer to when your business can begin trading again. It may be more cost-effective in this scenario to use a service like Safestore who offer secure lock-ups for your small business items. This way, you can pay less in the interim. Once government restrictions are lifted and you are no longer working from home, you can retrieve your equipment and place it in your new commercial workspace.


3) Hire smart

Experience is not everything, and in many circumstances, it can end up costing you more. Next time you are placing a job advertisement online, forget about asking for years of experience – ask for recent graduates instead. This way, you will open the field to fresh minds who are keen to bring something new to your company for an entry-level wage.


4) Cut down on working time

Do your employees need to be on-site for a full five days a week, or could you get away with operating with a skeleton staff on a Friday afternoon, for example? These relatively small cutbacks could save you hundreds of pounds each week without hugely affecting the finances of your employees.


5) Embrace social media

Why spend money on advertising when a well-maintained social media page with a little bit of personality could work even better at promoting your brand? Engaging, thought-provoking and even polarising content can work wonders for getting your name out there – and it doesn’t have to cost you anything more than your time.


Small Business Tax CenterIdea Cafe HomeSign UpBiz Grant CenterCyberSchmoozCoffee Talk with ExpertsPeople in Biz ProfilesStarting Your BizBiz PlanningRunning Your BizFREE Trade PublicationsMarketingFinancing Your BizHuman ResourcesLegal & Biz FormsManaging Your BizeCommerceYou and Your BizGen XWork@HomeThe FridgeDe-StressSend an AwardSend an eGreetingYoga @ Your DeskWeb GuideIdea Cafe in the NewsAbout Idea CafeAdvertise on Idea CafeContact UsPrivacy PolicySite MapSmall Biz News

Copyright 1995-2022, Idea Cafe Inc. Downloads are for personal use only, not for resale to others, and may not be reprinted in any form without written permission from Idea Cafe Inc.

DISCLAIMER: We hope whatever you find on this site is helpful, but be cautioned that it may not apply to your own situation, or be totally current at any given time. Idea Cafe Inc. and all of its current and past experts, sponsors, advertisers, agents, contractors and advisors disclaim all warranties with regard to anything found anywhere on this family of websites, quoted from, or sent from Idea Cafe. and its related sites, publications and companies. We also take no responsibility for comments published by others on these pages.

TRADEMARKS: The following are Registered Trademarks or Servicemarks of DevStart, Inc.: Idea Cafe®, Online Coffee Break®, The Small Business Gathering Place®, Take out Info®, Biz Bar & Grill®, Complaint-O-Meter®, A Fun Approach to Serious Business™, CyberSchmooz™, and BizCafe™.