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Five Tips to Save Money and Time in Your Small Business
Special to The Truth
There are two things most
small business owners have in common: limited time and
limited finances. If you’re an entrepreneur, finding ways to
make the most of both is crucial for your sanity and
success.
The key to becoming more
efficient with these two key resources is organization, says
“SmallBizLady” Melinda Emerson, small business expert and
author of the bestselling book “Become Your Own Boss in 12
Months.” She has teamed up with Sam’s Club to help small
business owners save time, money and energy as they tackle
their day-to-day tasks. Here are some of her top tips:
• Stop creating
never-ending to do lists. Focus on completing only five
things before 11 a.m. each day. By selecting your top
priorities at the end of each day, you will become much more
selective and effective with your time.
• Focus on a niche target
customer. You have limited time and resources for your
marketing efforts. It is best if you pick a niche target
customer you can actually reach; don’t just chase any
customer that you think has money. Remember, if everyone can
use your product or service, no one will.
• Look for one-stop
shopping for supplies and services. For example, a Sam’s
Club Business Membership not only saves you money on
business and restaurant supplies, it also provides
members-only savings on a suite of business services that
can save you time. Services include solutions for human
resources, payroll, payment processing, and legal needs.
Sam’s Club has joined forces with such trusted brands as
First Data, LegalZoom and Execupay to provide members-only
savings. You can find more information at www.SamsClub.com/services.
• Use a timer when you are
on social media. Facebook and many other social media sites
can be a huge time suck if you are not strategic. Focus your
efforts on just one social site to build your online brand.
• Organize your files.
You can waste a lot of time looking for things on your
laptop if you’re disorganized. Don’t store everything on
your computer desktop. Create files by category and year,
such as “2015 Contracts,” to find things quickly. You should
also use a cloud storage backup system. This way, you can
work from anywhere and your files will be safe if something
happens to your computer.
Running a small business
is a full time job and then some. If you are your own boss,
take easy steps to maximize your resources and make certain
tasks less time consuming.
Courtesy StatePoint
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