Money-Saving Ideas for Your Small Business in the New Year

With the new year in full swing, now’s an excellent time to make changes in your small business operations to help you save money. Here are some money-saving ideas for your small business:

Check Subscription Services 

Many small businesses sign up for subscription services, ranging from technology to office supplies. Be mindful of what you spend money on with regard to subscription services and keep track of what items you receive via subscription services. You want to make sure the products and services you receive in subscription form are helpful and cost-efficient. Consider what your company uses in the way of subscription services and determine if these items are necessary and if it’s better to buy these items on an as-needed basis as opposed to continual delivery of services and products. 

Buy Receipt Paper in Bulk

One item your small business may use a lot of is receipt paper. To save money on the overall cost and for a convenience factor, consider buying receipt paper in bulk quantity. When you purchase receipt paper in bulk, including thermal paper and phenol -free thermal paper, you can rest easy knowing that your supply area is always filled with the essential paper products you need. Plus, you’ll likely save money buying receipt paper in bulk quantity as opposed to restocking the products on an individual basis. 

Don’t Overspend on Inventory

You may need to purchase receipt paper in bulk. However, other inventory items may not need to be purchased in this manner. You should be mindful of purchasing additional inventory items so you don’t overspend on the products and services you may not use as much. 

Keep Accurate Inventory Records

To help you know what you should and shouldn’t purchase at certain times, it’s important to keep accurate inventory records. When you keep track of your inventory, you will be less likely to overspend on products and services and also be able to stock the items accordingly. 

Reduce Shipping Costs

Another money-saving idea for small businesses is to determine what you spend each year on shipping costs. Try to bundle product shipments so you save on shipping costs by only having to pay a single shipping fee or maybe even getting free shipping due to the total amount you spend on each order. 

Use Digital Tools

Digital tools can help you save money. By using spending tracking tools, inventory spreadsheets, and other helpful technology, you can keep track of what your business spends money on and take steps to reduce costs whenever possible. 

Restock Receipt Paper at Paper Planet

When you’re ready to order receipt paper in bulk, check out the selection at Paper Planet. Our company offers an extensive amount of receipt paper products, including custom printed receipt paper, for a wide array of POS systems. When you buy your receipt paper in bulk from Paper Planet, you’ll receive cost-efficient, effective products delivered right to your door.

View our receipt paper selection and place your order with Paper Planet today!