Your business premises can represent a number of expenses for your company. From rent to electricity and security, you may be paying a lot to have a permanent office. If you need that space to run your business, getting rid of it isn’t an option for you. But if the expense has become too much, there are ways that you can reduce it. You may be able to save money on your rent, lower your energy bill or even make some money back by renting out rooms. If you’re looking for ways to save money on your business premises, here are some ideas that you can use.
Save on Rent
Are you paying too much for your rent? It could be that your premises aren’t worth the price you’re paying. Luckily, there are several ways that you can pay less. If you want to stay where you are, you can try to renegotiate with your landlord. They may be willing to reconsider the price, although you might have to wait until you renew the lease. However, if you’re willing to move, there are some other ways you can save. Firstly, you can move to a cheaper area. Perhaps at first you wanted somewhere central, but it turns out it doesn’t make any difference to your business. You could also try downsizing, choosing a smaller space that’s more suited to your company.
Save Money on Energy
Everyone has to pay the bills, including business owners. You can end up spending a lot of money on heating, air-conditioning and electricity. If you think your bills are getting to be a bit high, you can try to reduce them. First, look at changing your business electricity provider to see if you can get a better deal. You can also save money by making an effort to become a green business. Save electricity by turning off lights and appliances when they’re not in use. Make sure your employees are responsible with their use of electricity. They can also save water and avoid excessive use of heating and cooling systems.
Make Money Back
If you have extra space in your business, you might be able to make some cash. You don’t have to leave rooms empty all day when you could put them to good use. You can think about hiring out some of your rooms for meetings or other purposes. Many people only need some business space for a few hours now and then. You can help to provide this service by offering out your spare rooms. You could just provide the space, or you could include services such as technical help.
Use a Virtual Receptionist
Many people choose to hire a receptionist to field calls at their premises. But this isn’t necessary if you don’t need someone to greet guests. Phone calls can be handled by a virtual receptionist, which is a much cheaper service. They can put calls through or take messages and save you a lot more money than a full-time employee.
You don’t have to spend more than you can afford on your business premises. Find ways to save and you’ll be in a much better position.