January 22nd, 2008 by Wade Mann
I’ve written a lot in the past few weeks about the cost savings available from Internet fax technology. This is of course one of the most obvious ways for your small business to save on overhead.
I found a useful article by Bob Hamilton that points out some other important ways to save money in your small business. This article focuses on shipping costs. He says:
• Always us the absolute smallest box possible. Small boxes cost less. Small boxes require less cushioning materials.
• Continually shop for new packaging suppliers. Even a few cents can have a big impact on current and long term sales.
• Take advantage of USPS offers for Flat Rate and Priority Mail boxes at no cost?
• Always be on the look out for FREE packaging materials.
When all is said and done, you want to make money in your business. The best way to make money is to save money. Whether it’s using an internet fax service or saving some money from getting free packaging peanuts, the costs add up. When you save those costs, that savings adds up to increased profits.
So always be on the lookout for new ways to save your small business a little money, and your small business could be on the track to become a large business.
Relevant Tags:Internet Fax Technology, internet fax, overhead expenses, packaging, small business
January 11th, 2008 by Wade Mann
Ben Bernanke announced today his desire to cut interest rates to try to curb a possible economic slowdown. He was careful not to characterize the economic situation as the beginnings of a recession. MSN.com quoted Bernanke as saying:
“The Federal Reserve is not currently forecasting a recession.” It is, however, “forecasting slow growth.”
The fed is expected to cut interest rates by as much as one half of a percentage point to bolster the slowing economy. This will follow three interest rate decreases in 2007.
Retail sales were unexpectedly low in December, hiring has decreased, and unemployment is up to 5 percent. All of these factors come after months of a slowing housing market, which does not seem to bode well for 2008. The Fed’s efforts to bolster the floundering market seems to be appropriately necessary to prevent a full scale recession. In fact, Bernanke has come under criticism for not acting bolder, sooner.
With an economic slowdown eminent, small businesses are sure to take a major hit. Any reduction in overhead expenses will be helpful through what’s likely to be a tough 2008. Internet fax provided by gofaxer is a great option to reduce those expenses, allowing small businesses to stay competitive with bigger companies that have already gone paperless.
Relevant Tags:economy, internet fax, overhead expenses, small business
