The cost-of-living crisis doesn’t seem to be improving anytime soon so if you haven’t already considered ways to cut costs for your business, you may find the points below pretty handy! These are small ways to adapt and adjust with the potential to make some good savings along the way.  

Be environmentally friendly

Many businesses have been opting for the paper free route for some time in a bid to reduce waste and minimise environmental impact but by doing so, you’re also saving pennies too!  

Take some time to review your systems and consider how you can start migrating to a more paperless office. A few small switches and before you know it you’ll be a happily paper free zone. 

Take meetings online

Holding meetings online is an inexpensive way to get the team together. For many, a big chunk of working hours are spent on face to face meetings when the time could be spent more efficiently on important work. By moving online you’re already cutting travel costs and related hassles.

Take some time to review whether team members can take calls over the phone as a first port of call then when more interaction is needed, online video conferencing can be your go to – with the ability to gather large groups of people, wherever they may be in the world. You can conduct meetings in real-time, so you don’t have to travel and you can create meetings for times that suit everyone, wherever they’re located.

Work remotely

Now is definitely the time to consider whether your staff all have to be present in the office for your business to run as efficiently.  If the answer to that is no, then you can make obvious cost savings in allowing staff to work from home either full or part time. You’ll save on energy, wasted commuting time and could even reduce your office floorspace if the arrangement becomes more permanent. 

Explore VoIP 

VoIP, otherwise known as Voice Over Internet Protocol, is a pretty cool type of phone technology that allows you to make and receive phone calls using the internet alone, instead of traditional phone lines.

Unlike landline phone systems that are limited to a single desk phone in your office, VoIP allows you to make and receive business phone calls from your laptop, tablet, smartphone and VoIP-compatible office phone sets.

BT Openreach will be switching off the analogue and ISDN phone network in 2025 and there will undoubtedly be a rush on demand for engineers to help businesses make the switch to VoIP as the date approaches.  And as demand increases, so does cost and lead times.  

Save your business the hassle of trying to secure an engineer for an inflated price in the future by switching your system out now.  Businesses also repeatedly report up to 80% savings on their phone bills when using VoIP rather than traditional phone lines.  A clean-cut case of spending now to save in the future. 

If you’d like to discuss your current systems, please do get in touch with the team at Equations on 01237 420010. We’d be more than happy to help!