Running a Business from Home: 4 Ways to Save

Written by on January 30, 2014 in Money - No comments | Print this page

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Save Money SignRunning a business from home is one of the best ways for a father to truly be there for his children. After all, even though you will still need to set business hours, you will be available if your children encounter a situation that requires your assistance.

Additionally, you will have the perk of being able to schedule break times around your family’s schedule so that you can maximize your time with your children. As an added bonus, there are many ways for a work from home entrepreneur to save money so that their business can become more profitable.

1. Negotiate with Suppliers for Discounts

Many suppliers are willing to offer a discount to businesses that enroll in a cash or early payment program. In other words, making a cash payment on the spot or sending in a check before your bill is due could provide you with a discount on services and supplies as long as you ask for it during the negotiation process. It is common for many industries to offer a 5 to 10 percent discount for companies that take care of their bills right away.

2. Switch to Voice over Internet Protocol

It is important for business owners to have reliable phone and fax access, but this can become extremely cost prohibitive if you work with clients that are not in your local area. Fortunately, you can easily sign up for VOIP or Voice over Internet Protocol from a provider such as Avoxi VOIP solutions to help you utilize your Internet connection to reduce your phone bill. In fact, using this telephone solution will let you place calls and send fax messages through your Internet connection so that you can completely eliminate toll charges.


3. Use Energy-Efficient Products

Working from home means that you will place a heavier strain all of your appliances and other products that use electricity. Due to this, it definitely makes good sense to replace any old products with an energy-efficient version so that you can reduce your energy bill. Keep in mind that you might even be eligible for a tax rebate depending on which energy-efficient products you purchase.

4. Pay Your Bills Online

Switching to paperless bill pay will enable you to save money on postage and avoid needing to order new checks on a regular basis. Some companies even offer discounts for customers who sign up for auto pay, so you should definitely look into this option. Additionally, you can accrue valuable points by paying for all of your online bills with a business card that has a viable reward program attached to it.

As you can see, there are many different ways that you can reduce your home business expenses. Keep in mind that you can also save a lot of money on gas, and you can cut expenses by not needing a specific work wardrobe if you do not typically have clients who visit you at home. In other words, having a home business can help you save money, spend more time with your family and dress more comfortably.

As an entrepreneur that works from home, Lisa Coleman shares ways to save when running a home based business. She recently read online how switching to Avoxi VOIP solutions is able to help save a business owner money.

Photo Credit: http://www.flickr.com/photos/86530412@N02/8225606758/

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