There are many factors that impact on the success of a business. Some of these include market trends, finding the right target market, creating a good marketing campaign and having a good team of employees. Another factor that may impact on the success of your business is its overheads. If these are too high, it can be difficult to make a profit. Therefore, keeping overheads to a minimum is essential. There are many ways you can save money on business consumables, let’s take a look at some here.
What are Business Consumables?
Business consumables are the things you use on a day-to-day basis in your business that will need replacing regularly. Typical examples of these items include paper, stationery, cables or ink cartridges. Business consumables are listed in your accounts as part of your business running costs, but they are different to capital assets as they are frequently replaced – hence the name. Examples of capital assets include printers, furniture, vehicles and computers.
Saving Money on Printing
Items used for printing are some of the most common consumables used by a business, particularly the paper and ink cartridges. To save both paper and ink, you should always proofread and edit documents before printing as this will prevent you from needing to reprint documents unnecessarily to rectify mistakes.
Another way of saving ink is to use the eco or draft mode settings on your printer. As less ink is used when you are using these printer settings, you will need to replace your HP ink cartridges from Cartridge People on a less frequent basis. Another tip is to only print as and when it is necessary to do so. There are likely to be occasions when it is acceptable to simply email documentation to your employees, saving both ink and paper.
Similarly, if you do have to print, make sure you know exactly how many copies you need and do not exceed this number. If at a later date you need further copies, you can always print some more. Only printing the necessary amount will save paper and reduce the number of times you need to buy ink cartridges.
Cutting Business Stationery Costs
How much stationery you need and which particular items you use will depend largely on the type and size of your business. The first step in saving money is to list exactly what you need rather than simply ordering everything directly from an office supplies catalogue.
Secondly, keep a record of everything in your stationery cupboard and stocktake regularly to keep track of which stocks are running low. This will prevent you from buying items unnecessarily. If there are certain items you use in large quantities, consider buying these in bulk as the cost per unit is often much less when you purchase items this way. Also look for discounts and coupons that can reduce the overall costs and make better financial sense one example is Staples Canada coupons.
However, try to avoid buying items that you hardly ever use simply because there is a good offer on the price. A further tip is to think about how your stationery is stored. Stationery often needs replacing because it is not properly stored and is then lost. Using good storage where each item of stationery has a place can prevent this from happening and can reduce your costs.
Business consumables are items for the day-to-day running of your business. Although buying these items is a necessary expenditure, there are ways to keep your costs for these items to a minimum. Using these tips will help you to save money and this will help you to reduce your business overheads as a whole. In turn, this can help your business to become more profitable and to run more efficiently.