By Jerry Mooney
These days it’s typical to start a business and then immediately wonder how to reduce the costs of running it. You probably have no idea how expensive it is to run a modern business. Let’s just think about energy bills to start with. Consider the energy bills of running the average household. Then to work out how much energy costs businesses, multiply that number by five or even ten. Next, let’s think about rent. You could spend at least a couple of thousand each month, just renting your business office. At the same time, though, you don’t want to cut costs and lose what makes a business successful in the process. Well, with this advice, you won’t have to.
Use A Virtual Office
Rather than renting an office and paying a massive amount in rent each month, you can use a virtual office. Instead of paying thousands, using the Hoxton Mix service or a similar company you could pay under twenty dollars. What do you get with that crazy price tag? Well, you get to look as though you’re running a massive office without the cost. Your clients might think you operate in the centre of the city when really, your company is tucked away in a quiet, low-cost suburb property. You could even run your business from home and cut rent charges out completely.
Other services like https://www.yourvirtualofficelondon.co.uk can provide you with a registered office address even though you work from home.
Virtual Staff And Assistance
You may not have the money in your business budget for a big staff. You might think this affects the number of clients you can take on. It doesn’t have to though because you can use virtual staff software to make it seem like you have a large company filled with employees. A great example is customer or client services. When customers call up your business, they don’t want to be on the phone waiting for hours. If you use call handling software, they won’t be. They’ll speak to what sounds like an employee, but it is actually AI software. Their call can be handled and only directed to you if necessary. Just think about how much you could reduce your staff numbers with a service such as this.
Digital Software
You might be noticing a pattern here. You can use technology to cheapen the cost of running your company without delivering an inferior service to your clients. Digital software can be used because it’s more efficient and affordable. Using digital software, you’ll be able to connect directly to your clients. There will be no delay, and while the initial setup can be pricey, it is worth it. To do this, you should start looking into software such as cloud data servers. Using a cloud data server, TBs of data can be transferred in seconds at a cost you can afford.
Outsourcing Jobs
Last but not least, if you want to take on large jobs without the big expense, outsourcing is the best option. Through outsourcing, you can get everything you need for your clients without the expense. An outsourcing team will handle certain jobs for you that are beyond the budget of your business. But in the eyes of your clients, that outsourcing team doesn’t exist. Due to this, you get the positive feedback for the service, and you get all the profits.
Jerry Mooney is co-founder and managing editor of Zenruption and the author of History Yoghurt and the Moon. He studied at the University of Munich and Lewis and Clark College where he received his BA in International Affairs and West European Studies. He has recently taught Language and Communications at a small, private college and owned various businesses, including an investment company. Jerry is committed to zenrupting the forces that block social, political and economic justice. He can also be found on Twitter @JerryMooney