{"id":52066,"date":"2022-05-18T10:19:13","date_gmt":"2022-05-18T17:19:13","guid":{"rendered":"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/?p=52066"},"modified":"2026-04-08T19:32:02","modified_gmt":"2026-04-09T02:32:02","slug":"cut-costs-small-business","status":"publish","type":"post","link":"\/us\/en\/blog\/cut-costs-small-business\/","title":{"rendered":"11 ways to cut costs as a small business"},"content":{"rendered":"<p>Looking to cut costs as a small business? You&#8217;re not alone.<\/p>\n<p><span style=\"font-weight: 400\">As a <\/span><span style=\"font-weight: 400\">small business<\/span><span style=\"font-weight: 400\"> owner, you know that every penny counts. You\u2019re likely dealing with lots of expenses associated with running a business, from the cost of goods or services to overhead costs like rent, utilities, and insurance.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Finding some <\/span><span style=\"font-weight: 400\">cost-saving ideas<\/span><span style=\"font-weight: 400\"> can increase your profit margin and help your business thrive. Here are a few ideas to get you started:\u00a0<\/span><\/p>\n<p><a href=\"#one\">1. Review your expenses regularly<\/a><br \/>\n<a href=\"#two\">2. Negotiate with suppliers<\/a><br \/>\n<a href=\"#three\">3. Make use of technology<\/a><br \/>\n<a href=\"#four\">4. Invest in a smart thermostat<\/a><br \/>\n<a href=\"#five\">5. Consider going virtual<\/a><br \/>\n<a href=\"#six\">6. Cut back on non-essential expenses<\/a><br \/>\n<a href=\"#seven\">7. Reduce paper use<\/a><br \/>\n<a href=\"#eight\">8. Use passive energy-saving techniques<\/a><br \/>\n<a href=\"#nine\">9. Make your office more eco-friendly<\/a><br \/>\n<a href=\"#ten\">10. Negotiate with your landlord<\/a><br \/>\n<a href=\"#eleven\">11. Switch banks<\/a><\/p>\n<hr \/>\n<p><strong>\u270f\ufe0f PRO TIP:<\/strong> Having a single vendor for all your business communications can cut costs&#8230; and headaches.<\/p>\n<p><span style=\"font-weight: 400\"><\/p>\n<div class=\"download-form-widget standart-download-form\" data-url=\"https:\/\/netstorage.ringcentral.com\/ebook\/single-vendor-for-cloud-comms-and-cc.pdf\" data-id=\"69dba64025c79\" id=\"69dba64025c79\">\n\t\t<button tabindex=\"on\"  on=\"tap:69dba64025c79.toggleClass(class='open')\" class=\"open-modal-download-action download-form-button\" type=\"submit\">Start saving today<\/button><\/p>\n<div class=\"download-form-modal\">\n<div class=\"download-form-modal-body\">\n<div class=\"download-form-modal-content\">\n<div class=\"download-form-modal-title\">Free eBook: Why it pays to have a single vendor for cloud communications and contact center<\/div>\n<form class=\"download-form SMB\" method=\"post\">\n<div class=\"download-form-part\">\n\t\t\t\t\t\t\t<input class=\"download-form-input\" aria-label=\"Full Name\" aria-required=\"true\" aria-invalid=\"false\" type=\"text\" name=\"fullname\" placeholder=\"Full Name\" data-dl-events-hover=\"true\" data-dl-element=\"text\" data-dl-additional-info=\"download form\">\n\t\t\t\t\t\t<\/div>\n<div class=\"download-form-part\">\n\t\t\t\t\t\t\t<input class=\"download-form-input\" aria-label=\"Email (please enter a work email address)\" aria-required=\"true\" aria-invalid=\"false\" type=\"email\" autocomplete=\"on\" name=\"email\" placeholder=\"Email (please enter a work email address)\" data-dl-events-hover=\"true\" data-dl-element=\"email\" data-dl-additional-info=\"download form\">\n\t\t\t\t\t\t<\/div>\n<div>\n\t\t\t\t\t\t\t<input type=\"hidden\" name=\"popup_form\" value=\"1\">\n\t\t\t\t\t\t<\/div>\n<div>\n\t\t\t\t\t\t\t<input type=\"hidden\" name=\"Lead_Entry_Source__c\" value=\"RC Blog\" class=\"download-form-input\"\/>\n\t\t\t\t\t\t<\/div>\n<div class=\"download-form-part\">\n\t\t\t\t\t\t\t<button class=\"download-form-submit\" type=\"submit\" data-dl-element=\"button\" data-no-auto-dl=\"true\" data-dl-additional-info=\"download form\" data-dl-name=\"Get the eBook\">Get the eBook<\/button>\n\t\t\t\t\t\t<\/div>\n<\/p><\/form>\n<p> \t\t\t\t\t<button on=\"tap:69dba64025c79.toggleClass(class='open')\" role=\"button\" tabindex=\"0\"  class=\"download-form-modal-close\"><\/button>\n\t\t\t\t<\/div>\n<div class=\"download-form-modal-thank\">Thanks and happy reading!<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><\/span><\/p>\n<hr \/>\n<h2 class=\"heading h2\">11 ways to cut costs for your small business<\/h2>\n<h3 class=\"heading h3\"><span style=\"font-weight: 400\"><a id=\"one\"><\/a>1. Review your expenses regularly<\/span><\/h3>\n<p>To maintain financial health, it&#8217;s crucial to <a href=\"https:\/\/www.marketingmedian.com\/manage-your-small-business-expenses\/\">manage business expenses<\/a> and review them regularly to ensure that your spending aligns with your budgetary goals. By consistently examining your <a href=\"https:\/\/www.fylehq.com\/blog\/what-is-an-expense-report\">expense report<\/a>, you can pinpoint areas where cost reductions are feasible, such as identifying bulk purchasing opportunities for office supplies or renegotiating service contracts.<\/p>\n<p><span style=\"font-weight: 400\">The areas in which you need to <\/span><span style=\"font-weight: 400\">cut costs<\/span><span style=\"font-weight: 400\"> may change over time, or even month to month, which is why it&#8217;s always important to have a handle on it.<\/span><\/p>\n<p><span style=\"font-weight: 400\">To review your expenses:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Compare your monthly expenses to your <a href=\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/small-business-budgeting\/\">budget<\/a><\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Track your spending using <\/span><span style=\"font-weight: 400\">accounting software<\/span><span style=\"font-weight: 400\"> or a personal finance app<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Review your bank and <\/span><span style=\"font-weight: 400\">credit card<\/span><span style=\"font-weight: 400\"> statements every month<\/span><\/li>\n<\/ul>\n<h3 class=\"heading h3\"><span style=\"font-weight: 400\"><a id=\"two\"><\/a>2. Negotiate with suppliers<\/span><\/h3>\n<p><span style=\"font-weight: 400\">If you&#8217;re happy with the quality of goods or services you&#8217;re getting from your suppliers, but not with the price, it may be time to negotiate. Let them know that you&#8217;re considering other options and see if they&#8217;re willing to give you a better deal.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Ask for a volume discount. <\/b><span style=\"font-weight: 400\">If you buy in bulk, you may be able to get a lower price per unit.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Negotiate longer payment terms.<\/b><span style=\"font-weight: 400\"> If you&#8217;re able to pay your invoices within 30 days, some suppliers may be willing to give you a 2% discount.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Compare prices. <\/b><span style=\"font-weight: 400\">Get quotes from other suppliers to see if you&#8217;re getting the best deal.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Consolidate vendors.<\/b><span style=\"font-weight: 400\"> If you use multiple vendors for the same type of product or service, see if you can get a discount by consolidating your business with one vendor. Many suppliers will offer a bulk discount. If they&#8217;re difficult to deal with or can&#8217;t give you a better price, it might be time to look elsewhere.<\/span><\/li>\n<\/ul>\n<div class=\"rc-subscribe\" id=\"new-rc-subscribe\"  style=\"background-image:url('\/us\/en\/blog\/wp-content\/themes\/ringcentral\/assets\/images\/temp\/subscribe.png')\">\n\t\t<button class=\"close js-popup-close\"><svg class=\"icon_close_mobile\" width=\"20\" height=\"20\"><use xlink:href=\"#icon_close_mobile\"><\/use><\/svg><\/button><\/p>\n<div class=\"rc-subscribe__wrapper\">\n<div class=\"rc-subscribe__wrapper_text\">\n<h3 class=\"rc-subscribe__title h2\">Stay informed with RingCentral<\/h3>\n<div class=\"rc-subscribe__subtitle\">Subscribe to our emails for the latest blogs, events, and exclusive content on AI-powered communication solutions. Stay ahead with insights and tips from the leader in trusted AI communications.<\/p>\n<p>\t\t\t\t\t<a href=\"https:\/\/www.ringcentral.com\/legal\/privacy-notice.html\" target=\"_blank\" data-dl-name=\"Privacy Notic\" data-dl-element=\"link\" data-dl-additional-info=\"social\" rel=\"noreferrer noopener\">Privacy Notice<\/a>\n\t\t\t\t<\/div>\n<\/p><\/div>\n<div class=\"rc-subscribe__wrapper_form\">\n<form class=\"\" data-event-init=\"true\" novalidate data-js-form>\n<div class=\"rc-subscribe__row\">\n\t\t\t\t\t\t<input\n\t\t\t\t\t\t\t\tname=\"email\"\n\t\t\t\t\t\t\t\tplaceholder=\"Email address *\"\n\t\t\t\t\t\t\t\ttitle=\"Must be valid email. example@yourdomain.com\"\n\t\t\t\t\t\t\t\tminlength=\"4\"\n\t\t\t\t\t\t\t\tmaxlength=\"255\"\n\t\t\t\t\t\t\t\ttype=\"email\"\n\t\t\t\t\t\t\t\trequired\n\t\t\t\t\t\t\t\tpattern=\"[a-z0-9._%+\\-]+@[a-z0-9.\\-]+\\.[a-z]{2,}$\"\n\t\t\t\t\t\t\t\tclass=\"field__control\"\n\t\t\t\t\t\t\t\tautocomplete=\"on\"\n\t\t\t\t\t\t\t\taria-required=\"true\"\n\t\t\t\t\t\t\t\tdata-dl-events-hover=\"true\"\n\t\t\t\t\t\t\t\tdata-dl-element=\"email\"\n\t\t\t\t\t\t\t\tdata-dl-additional-info=\"LET'S WORK TOGETHER\"\n\t\t\t\t\t\t\t\taria-label=\"Email address *\"\n\t\t\t\t\t\t\t\taria-errormessage=\"email-subscribe-errors\"\n\t\t\t\t\t\t><br \/>\n\t\t\t\t\t\t<span class=\"field__errors\" id=\"email-subscribe-errors\" data-js-form-field-errors><\/span>\n\t\t\t\t\t<\/div>\n<div class=\"rc-subscribe__row\">\n\t\t\t\t\t\t<select\n\t\t\t\t\t\t\t\tname=\"Country__c\"\n\t\t\t\t\t\t\t\trequired\n\t\t\t\t\t\t\t\tclass=\"field__control\"\n\t\t\t\t\t\t\t\taria-required=\"true\"\n\t\t\t\t\t\t\t\taria-expanded=\"false\"\n\t\t\t\t\t\t\t\taria-label=\"Country *\"\n\t\t\t\t\t\t\t\taria-errormessage=\"country-subscribe-errors\"\n\t\t\t\t\t\t><option value=\"\" disabled=\"disabled\" selected=\"selected\">Country<\/option><option value=\"Canada\">Canada<\/option><option value=\"United_States\">United States<\/option><\/select><\/p>\n<p>\t\t\t\t\t\t<span class=\"field__errors\" id=\"country-subscribe-errors\" data-js-form-field-errors><\/span>\n\t\t\t\t\t<\/div>\n<div class=\"rc-subscribe__row\">\n\t\t\t\t\t\t<button type=\"submit\" data-event-init=\"true\">Subscribe<\/button>\n\t\t\t\t\t<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"confirm-form\" role=\"status\" aria-live=\"polite\" style=\"display: none;\" aria-hidden=\"true\">\n<div class=\"confirm-form__text\">Thank you for your interest in RingCentral<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<h3 class=\"heading h3\"><span style=\"font-weight: 400\"><a id=\"three\"><\/a>3. Cut costs by streamlining your technology<\/span><\/h3>\n<p><span style=\"font-weight: 400\">There are many <\/span><span style=\"font-weight: 400\">cost-saving<\/span><span style=\"font-weight: 400\"> technologies available to small businesses, from cloud-based services like RingCentral to online accounting tools. By taking advantage of RingCentral MVP, you can <\/span><span style=\"font-weight: 400\">save money<\/span><span style=\"font-weight: 400\">, improve productivity, and <\/span><span style=\"font-weight: 400\">streamline<\/span><span style=\"font-weight: 400\"> your business operations.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/ringcentral.com\">RingCentral MVP<\/a> combines a wide range of features in one app, for all your business communications. Whether it&#8217;s <a href=\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/business-voicemail-greetings\/\">phone calls<\/a>, <a href=\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/best-video-chat-apps\/\">video chats<\/a>, or <a href=\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/team-messaging-apps\/\">team messaging<\/a>, you&#8217;ll have every channel at your fingertips:\u00a0<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-51034 size-full\" src=\"\/us\/en\/blog\/wp-content\/uploads\/2022\/02\/Call-to-video_desctop.gif\" alt=\"\" width=\"1280\" height=\"800\" \/><\/p>\n<p><span style=\"font-weight: 400\">By using a single vendor for all of your communication needs, you can also avoid the hassle and expense of dealing with multiple vendors.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Many businesses also find that using RingCentral MVP <a href=\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/small-business-productivity-tips\/\">improves their productivity<\/a>. Implementing RingCentral\u2019s <a class=\"waffle-rich-text-link\" href=\"https:\/\/www.ringcentral.com\/call-center.html\">call center<\/a> solution also increases customer satisfaction, which leads to other cost savings like better customer retention and less churn.<\/span><\/p>\n<h3 class=\"heading h3\"><span style=\"font-weight: 400\"><a id=\"four\"><\/a>4. Invest in a smart <\/span><span style=\"font-weight: 400\">thermostat<\/span><\/h3>\n<p><span style=\"font-weight: 400\">A smart <\/span><span style=\"font-weight: 400\">thermostat<\/span><span style=\"font-weight: 400\"> can help you <\/span><span style=\"font-weight: 400\">save money<\/span><span style=\"font-weight: 400\"> on your energy bill by automatically adjusting the temperature based on your needs. For example, if you know that you&#8217;re going to be out of the office for a few hours, you can adjust the temperature so that you&#8217;re not wasting energy.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Smart thermostats will also allow you to program a schedule so that your office is always at a comfortable temperature. It can detect any occupants and automatically return to your preferred temperature, even if someone is there after hours.<\/span><\/p>\n<p><span style=\"font-weight: 400\">You won&#8217;t be wasting energy when no one is there, but it will also override the schedule if it detects that someone is working late. You can also count on it to learn from patterns, which reduces the need to set a schedule at all.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Other <\/span><span style=\"font-weight: 400\">perks<\/span><span style=\"font-weight: 400\"> of using a smart <\/span><span style=\"font-weight: 400\">thermostat<\/span><span style=\"font-weight: 400\"> include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Reduced energy consumption<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Lower energy bills<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Improved comfort in the office<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Program scheduling<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Pattern learning<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Occupant detection<\/span><\/li>\n<\/ul>\n<h3 class=\"heading h3\"><span style=\"font-weight: 400\"><a id=\"five\"><\/a>5. Consider going virtual to cut even more costs\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400\">If you don&#8217;t need a physical <\/span><span style=\"font-weight: 400\">office space<\/span><span style=\"font-weight: 400\">, consider going virtual. You can <\/span><span style=\"font-weight: 400\">save money<\/span><span style=\"font-weight: 400\"> on rent, utilities, and other overhead costs by working from home or a <\/span><span style=\"font-weight: 400\">coworking space<\/span><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">This is made easier by products and services like RingCentral MVP, because you can have a virtual office with a local or toll-free number, as well as features like call forwarding and voicemail:<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-49959 size-full\" src=\"\/us\/en\/blog\/wp-content\/uploads\/2021\/11\/Call-forwarding.png\" alt=\"\" width=\"930\" height=\"700\" \/><\/p>\n<p><span style=\"font-weight: 400\">RingCentral also has integrated messaging features that will keep your team connected, no matter where they are. They can call and text from their mobile phone using a work number, and the mobile app syncs with the desktop app so they can sit down at their desk and pick up where they left off.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/advanced-call-routing\/\">Intelligent call routing<\/a> and a call center solution also make it easier to go virtual, because you won&#8217;t be leaving your customers in the lurch. They&#8217;ll still be able to contact you like they always do, and you can route their calls to the right person, no matter where that person is.<\/span><\/p>\n<h3 class=\"heading h3\"><span style=\"font-weight: 400\"><a id=\"six\"><\/a>6. Cut non-essential expenses<\/span><\/h3>\n<p><span style=\"font-weight: 400\">There are always going to be expenses that you don&#8217;t need, so cut them out where you can. For example, if you&#8217;re spending money on advertising that isn&#8217;t bringing in any business, it&#8217;s time to cut that expense.<\/span><\/p>\n<p><span style=\"font-weight: 400\">You should also take a close look at your inventory and get rid of any items that aren&#8217;t selling. It&#8217;s better to have less inventory on hand and save on storage costs than to keep stock that&#8217;s just taking up space.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Consolidating your <a href=\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/how-to-choose-the-right-communications-tool\/\">communication tools<\/a> into one vendor like RingCentral can also save you money. By using a single vendor for all of your communications needs, you can avoid the hassle and expense of dealing with multiple vendors and save money at the same time.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><\/p>\n<div class=\"rc-post-content-cta rc-post-content-cta_green\">\n<div class=\"rc-post-content-cta-columns\">\n<div class=\"bottom-cta-img\">\n\t\t\t\t<img decoding=\"async\" width=\"930\" height=\"700\" src=\"\/us\/en\/blog\/wp-content\/uploads\/2022\/02\/using-a-calculator.jpg\" class=\"responsive-image\" alt=\"\" \/>\t\t\t<\/div>\n<div class=\"bottom-cta-copy\">\n<div class=\"headline-copy\" style=\"text-align:left;\">Your guide to small business budgeting<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"rc-post-content-cta-footer\">\n<div class=\"bottom-cta-logo-container\">\n<div class=\"bottom-cta-logo\"><span aria-hidden=\"true\"><svg width=\"154\" height=\"34\" viewBox=\"0 0 154 34\" fill=\"#000\" role=\"img\" aria-labelledby=\"cta-ring-logo-1241534798\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n\t\t\t\t\t\t\t<title id=\"cta-ring-logo-1241534798\">Ring Central Logo<\/title>\t\n\t\t\t\t\t\t\t<path d=\"M154 3.89618H150.386V26.9657H154V3.89618Z\" \/>\n\t\t\t\t\t\t\t<path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M141.313 11.6299C137.976 11.6299 135.388 13.2501 134.95 16.5546H138.504C138.754 15.3082 139.675 14.5591 141.313 14.5591C143.214 14.5591 144.086 15.6499 144.086 17.3647V18.1444H140.438C137.078 18.1444 134.593 19.6411 134.593 22.697C134.593 25.7529 136.619 27.3411 139.55 27.3411C141.826 27.3411 143.323 26.3721 144.133 24.8145H144.288V26.9529H147.716V17.4802C147.702 13.8276 145.833 11.6299 141.313 11.6299ZM140.58 24.5675C139.177 24.5675 138.303 23.8809 138.303 22.7339C138.303 21.4233 139.238 20.7383 140.921 20.7383H144.069L144.086 20.9549C144.088 23.2232 142.777 24.5675 140.58 24.5675Z\" \/>\n\t\t\t\t\t\t\t<path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M128.187 26.9657V19.2047C128.187 16.8979 129.623 15.4317 131.896 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9.60219Z\" \/>\n\t\t\t\t\t\t\t<path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M16.9769 0.548269C16.101 0.914019 15.307 1.44981 14.6364 2.12196L16.332 3.81756C16.7764 3.37 17.3041 3.01548 17.8865 2.77325C18.4688 2.53102 19.0928 2.40429 19.7232 2.40269C20.3537 2.40108 20.9777 2.523 21.5616 2.76362C22.1439 3.00264 22.6749 3.35556 23.1225 3.79991L24.8181 2.10431C23.8106 1.1001 22.5289 0.415123 21.1333 0.139206C19.7377 -0.139919 18.2907 0.00285184 16.9769 0.548269Z\" \/>\n\t\t\t\t\t\t<\/svg><\/span><\/div>\n<\/p><\/div>\n<div class=\"bottom-cta-link\">\n\t\t\t\t<a href=\"https:\/\/www.ringcentral.com\/us\/en\/blog\/small-business-budgeting\/\" class=\"view-all view-all-white \" data-dl-name=\"Read the blog\" data-dl-element=\"button\" data-dl-additional-info=\"bottom cta banner\" data-no-auto-dl=\"true\">Read the blog<span class=\"svg-icon\" aria-hidden=\"true\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" fill=\"#000\" role=\"img\" aria-labelledby=\"cta-ring-arrow-1241534798\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n\t\t\t\t\t<title id=\"cta-ring-arrow-1241534798\">Ring Central Logo<\/title>\t\n\t\t\t\t\t<path d=\"M0 11.5C0 11.2239 0.223858 11 0.5 11H21.6797C21.9559 11 22.1797 11.2239 22.1797 11.5V12.5C22.1797 12.7761 21.9559 13 21.6797 13H0.5C0.223858 13 0 12.7761 0 12.5V11.5Z\" ><\/path>\n\t\t\t\t\t<path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M21.1718 12.0001L15.8086 6.63691C15.6134 6.44165 15.6134 6.12506 15.8086 5.9298L16.5157 5.22269C16.711 5.02743 17.0276 5.02743 17.2228 5.22269L23.6467 11.6465C23.8419 11.8418 23.8419 12.1584 23.6467 12.3536L17.2228 18.7775C17.0276 18.9727 16.711 18.9727 16.5157 18.7775L15.8086 18.0704C15.6134 17.8751 15.6134 17.5585 15.8086 17.3633L21.1718 12.0001Z\" ><\/path>\n\t\t\t\t<\/svg><\/span><\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>\t<\/span><\/p>\n<h3 class=\"heading h3\"><span style=\"font-weight: 400\"><a id=\"seven\"><\/a>7. Reduce paper use<\/span><\/h3>\n<p><span style=\"font-weight: 400\">One of the easiest ways to <\/span><span style=\"font-weight: 400\">save money<\/span><span style=\"font-weight: 400\"> is to reduce paper use. There are many ways to do this, from using double-sided printing to scanning documents and storing them electronically.<\/span><\/p>\n<p><span style=\"font-weight: 400\">You can also <\/span><span style=\"font-weight: 400\">save money<\/span><span style=\"font-weight: 400\"> by switching to e-bills and <\/span><span style=\"font-weight: 400\">paperless<\/span><span style=\"font-weight: 400\"> statements. This will save you money on postage and paper costs and also help you stay organized.<\/span><\/p>\n<p><span style=\"font-weight: 400\">An online <a href=\"https:\/\/peoplemanagingpeople.com\/strategy-operations\/what-is-payroll-service\/\">payroll service<\/a> can also help you <\/span><span style=\"font-weight: 400\">save money<\/span><span style=\"font-weight: 400\"> by eliminating the need for paper checks. As an added bonus, you won&#8217;t be as susceptible to fraud.<\/span><\/p>\n<p>If your company still relies a lot on faxing, you can reduce your paper use even further by <a href=\"https:\/\/newrcblog.wpengine.com\/us\/en\/blog\/fax-from-iphone\/\">faxing online<\/a>: just one more powerful, cost-saving feature that comes included with RingCentral MVP. Send a fax via either RingCentral&#8217;s desktop or mobile app:<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-47657 size-full\" src=\"\/us\/en\/blog\/wp-content\/uploads\/2021\/05\/Screen-Shot-2021-05-05-at-6.11.10-PM.png\" alt=\"ringcentral fax\" width=\"1072\" height=\"686\" \/><\/p>\n<h3 class=\"heading h3\"><span style=\"font-weight: 400\"><a id=\"eight\"><\/a>8. Use passive energy-saving techniques<\/span><\/h3>\n<p><span style=\"font-weight: 400\">LED lighting is much more energy-efficient than traditional lighting, so it&#8217;s a good idea to switch to LED bulbs where possible. This will save you money on your energy bill and help you be more environmentally friendly.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Double-paned windows are also more energy-efficient than single-paned windows. If you&#8217;re in the market for new windows, look for double-paned options.<\/span><\/p>\n<p><span style=\"font-weight: 400\">You can also <\/span><span style=\"font-weight: 400\">save money<\/span><span style=\"font-weight: 400\"> by insulating your <\/span><span style=\"font-weight: 400\">office space<\/span><span style=\"font-weight: 400\">. This will keep the heat in during the winter and the cool air in during the summer, so you won&#8217;t have to run the AC or heat as much.<\/span><\/p>\n<h3 class=\"heading h3\"><span style=\"font-weight: 400\"><a id=\"nine\"><\/a>9. Make your office more eco-friendly<\/span><\/h3>\n<p><span style=\"font-weight: 400\">In addition to saving money, making your office more eco-friendly will also help you attract and retain employees. Millennials are particularly interested in working for environmentally responsible companies.<\/span><\/p>\n<p><span style=\"font-weight: 400\">There are many ways to make your office more eco-friendly, from using recycled paper to composting food waste. You can also install solar panels, which will save you money on your energy bill and give you a green image.<\/span><\/p>\n<h3 class=\"heading h3\"><span style=\"font-weight: 400\"><a id=\"ten\"><\/a>10. Negotiate with your landlord<\/span><\/h3>\n<p><span style=\"font-weight: 400\">Rent is often one of the biggest expenses for small businesses. If you&#8217;re not locked into a lease, consider moving to a less expensive location. You may also be able to negotiate a lower rent with your current landlord.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If you&#8217;re renting your <\/span><span style=\"font-weight: 400\">office space<\/span><span style=\"font-weight: 400\">, it&#8217;s important to negotiate with your landlord when your lease is up for renewal. If they know that you&#8217;re considering other options, they may be willing to give you a better deal.<\/span><\/p>\n<p><span style=\"font-weight: 400\">You should also ask for any upgrades that you need, such as a new HVAC system or more energy-efficient windows. These upgrades will save you money in the long run, and your landlord may be willing to cover the cost.<\/span><\/p>\n<h3 class=\"heading h3\"><span style=\"font-weight: 400\"><a id=\"eleven\"><\/a>11. Cut unnecessary costs by switching banks<\/span><\/h3>\n<p><span style=\"font-weight: 400\">If you&#8217;re paying too much in banking fees, it may be time to switch banks. There are many online-only banks that have low or no fees.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Regional banks are also a good option for small businesses. They typically have lower fees than national banks and offer a more personalized service. Plus, the rewards you get with a community or regional bank can be used to <\/span><span style=\"font-weight: 400\">save money<\/span><span style=\"font-weight: 400\"> on everything from travel to <\/span><span style=\"font-weight: 400\">office supplies<\/span><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">You should also shop around for a better deal on business loans. If you have good credit, you may be able to get a lower interest rate on any loans you have or may need.<\/span><\/p>\n<p>Additionally, <a href=\"https:\/\/www.brex.com\/spend-trends\/corporate-credit-cards\/high-limit-business-credit-cards\" target=\"_blank\" rel=\"noopener\">business credit cards with high limits<\/a> can help manage larger expenses or seasonal spikes, giving your small business more flexibility without taking on extra debt.<\/p>\n<h2 class=\"heading h2\"><span style=\"font-weight: 400\">Cutting costs as a small business: What&#8217;s the secret? <\/span><\/h2>\n<p><span style=\"font-weight: 400\">Saving money is essential for any business, but it&#8217;s especially important for small businesses. With a limited budget, every penny counts.<\/span><\/p>\n<p><span style=\"font-weight: 400\">From consolidating vendors and services to reducing or eliminating the things you don&#8217;t need, there are plenty of creative ways to make your cash go further.<\/span><\/p>\n<p><span style=\"font-weight: 400\">By following these tips, you can <\/span><span style=\"font-weight: 400\">save money<\/span><span style=\"font-weight: 400\"> and keep your business running smoothly.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">RingCentral can help you reduce your communications expenses with its all-in-one communications platform. <\/span><a href=\"https:\/\/www.ringcentral.com\/solutions\/small-business.html?__mscta=3123_91822_11549\"><span style=\"font-weight: 400\">See our small business solutions<\/span><\/a><span style=\"font-weight: 400\"> to learn more.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Looking to cut costs as a small business? You&#8217;re not alone. As a small business owner, you know that every penny counts. You\u2019re likely dealing with lots of expenses associated with running a business, from the cost of goods or services to overhead costs like rent, utilities, and insurance. Finding some cost-saving ideas can increase &#8230;<\/p>\n","protected":false},"author":29,"featured_media":52067,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17901],"tags":[],"class_list":["post-52066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-leadership"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.3 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>11 ways to cut costs as a small business | RingCentral Blog<\/title>\n<meta name=\"description\" content=\"Every dollar counts when you&#039;re running a small business. 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