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Union Commercial Capital

5 Ways To Stop Unnecessary Business Spending


As a small business owner, you’re always looking to bring in more business and boost cash flow. Although increasing sales is one way to make that happen, cutting costs can be a faster way to increase your profits. The problem is identifying which of your current expenses are truly unnecessary. This Union Commercial Capital blog post offers some tips on how to stop unnecessary spending for your business.

Negotiate With Your Vendors-

Most vendors or suppliers are responsive to the idea of negotiating prices, and certainly would rather do so than lose a regular client. If they won’t budge, then you may want to consider seeing what other options are available to better serve your business.

Buy More Carefully-

When you own a small business, you have many different expenses to handle. Rent, internet and phone service, electricity, office supplies and insurance can all add up.  To save money, shop around for the most competitive deals and try negotiating for lower prices. Your providers want to keep their valued customers, so they may be flexible with you. Also, it’s important to focus on buying only what your business needs. A smart business strategy is to control your discretionary spending and only buy what is absolutely necessary for your company and employees. For example, if you are looking to purchase a laptop, consider buying a used laptop rather than a brand new one. This will save you a substantial amount for a laptop that will do the same job as the brand new one.

Go Green-

Not only is it good for the environment, but it can also save you the supply costs. You can save money on paper and printing costs by going paperless for your business. Instead of using paper, start sending emails, signing contracts electronically, storing documents online and taking notes on a dry erase board or on your computer. Replace paper plates, cups and utensils with reusable ones.

Try More Affordable Marketing Alternatives-

You don’t want to eliminate advertising that is working for you, but it can be beneficial to explore some more affordable alternatives. Consider networking more, since customers always like to do business with someone they know. You should increase social media use and reduce traditional marketing methods, which can be quite expensive. You can cut your marketing budget by implementing some of the most popular online marketing strategies. Consider running email newsletters to customers, starting a mobile version of your website and promoting your business through social media websites.

Finance Equipment-


The high cost of capital equipment such as machinery, commercial ovens, software and business vehicles can be pretty costly if you are paying for them out of pocket. Affordability is one of the many advantages of equipment financing. There are several lease structures available, and you can choose a plan with monthly payments that fit within your business’s budget. This can provide a more positive cash flow for your small business, while assisting in its growth and further success.

Union Commercial Capital hopes you found this post to be informative and helpful to you and your business. Should you ever need fast and competitive financing for your small business, we can help.

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