As we head into spring (finally), the term “spring cleaning” will certainly come up a lot. Many of us use the beginning of warmer weather and flowering as an excuse to take inventory of our situation and detox. We remove all the baggage of the past year and look for ways to go leaner. Usually this comes in many forms, including cleaning up our homes and offices, changing the way we eat, and clearing out some of the junk. This is usually the time of year garage sales spring up all over the place.
Businesses can benefit from the same cleaning initiative in order to help them become leaner for the rest of 2014. Here are some ideas you might want to consider:
Check on your vendors: An easy way for businesses to reduce their total operating costs is to take a look at where they’re getting their services and supplies from. For example, if you use a payroll processing service and you find that you’re spending more than you would like, take a look at what else is out there. You might be able to save money with another service or have a bargaining chip in a renegotiation.
Review your transportation costs: If you happen to use many different transportation vehicles in your services, it might be a good idea to see where you can make improvements in transportation costs. By using fleet vehicles that are more energy efficient, for example, you might be able to reduce your fuel costs in a big way. You should also look into route optimization and driver behavior. Frequent braking and speeding as well as heavy traffic can increase fuel usage in a big way.
Do You Have Optimal Payroll? Can your business use a little trimming in the payroll department? If so, it might be a good idea to take a look at where you can make some cuts. Are two people essentially doing the same job? Can you outsource some services, so your employees can focus on more higher order concerns? It might make sense to look into potential areas where you can downsize?
Consider Going More Remote: One way businesses are reducing their overhead is by encouraging employees to work remotely. Although Yahoo might disagree, many employees prefer to work from home and have the opportunity to work when they’re most productive. Most would agree that working from a cubicle is no fun. With technology, a physical office space isn’t as necessary as it once was. You’ll save on utility bills and other costs with the traditional office space, Even if you can’t have your employees work remotely all of the time, one day a week can certainly pay huge dividends.
Spring is almost here. Is your business ready to get rid of some of the waste? If so, the four mentioned ideas above are a good place to get started.