Top advices to lower small business expenses in 2020? Not to mention, technology helps keep your employees at the top of their game. Eliminate the tedious logistical work and help ensure your team is working on what’s genuinely needed. The following are just a few advantages of using an employee management app, like Connecteam for example: Streamline communication: With an employee management app, you can easily minimize the need for face-to-face meetings and unnecessary phone calls. Easily send messages in real-time to a single person or a filtered group, such as announcements, sales updates, welcome new hires, celebrate birthdays, and more. Enable social functions, likes, and comments, to help boost employee engagement.

Rethink your working space: Now’s the time to think about where you work. For some businesses, a large office is a necessity, but for others it’s actually not critical. You might find that working from home could become a more suitable long-term practice, and this could save you a significant amount of money. It could offer the possibility of a smaller office with staff coming to the workplace only on certain days.

On day one, once we closed the office to WFH, we reached out to our landlords in NYC and NOLA and asked them to either defer rents or to take our security deposits as rent payment for this period. I would much rather retain all of our staff, keep them paid than to pay for unused and empty space. We also cut back on all non-essential business expenses. Saving the ship is tantamount! – Warren H. Cohn, HeraldPR Start by going through monthly business expenses. Many of us have monthly fees or subscriptions we don’t even realize we pay. Cut back on all minor expenses, subscriptions and anything that does not directly impact your work in a drastic way. Utilizing only essential business programs and applications, and trimming unneeded costs is a great way to reduce overhead and spare your team from layoffs. – Brittany Harrer Dolin, The Pocketbook Agency

You can look at used equipment markets online, or you could check out a government auction. It is even possible to contact companies you know to find out if they are getting rid of their old tech any time soon; if so, they may sell it to you for a discounted price. This is a great way to cut costs initially – just make sure to check out the tech in person first, so you can make sure that it still works effectively. Find extra information at 95Visual.

Another way of reducing the costs of your business is by hiring freelancers and contract workers instead of full-time employees. It is apparent that one should hire full-time employees for the core functions of their business. But when it comes to hiring employees for the site functions, it is highly recommended that you hire a freelancer or contract worker. Not only does it save you money, but you get a better end product as well. For example, If you need to design an infographic, why not hire a freelancer rather than a full-time employee?