Money Saving Tips for Chilliwack Business Owners

23 Jul 2020 Accounting Services

Whether you run a one-person operation or you own a business that employs multiple people, it can be extremely useful to know some simple ways to save money as a Chilliwack business owner. At Leskun & Son Accounting, we have a long history of helping businesses with accounting and financial services, and we are always prepared to offer money saving tips for Chilliwack business owners to anyone who might benefit from them.

How to Save Money as a Business Owner in Chilliwack

Saving money as a business owner can be extremely difficult sometimes. All of the expenses of running a business can add up quickly, especially if you are not equipped to handle aspects of the business like accounting or marketing in-house. If you are looking for tips to save money for your Chilliwack business, some ideas to think about could include:

1.     Outsource Whenever Possible

Although it can be useful and convenient to have employees handle certain aspects of the business, employee costs can really add up. Between having to find a Chilliwack office space to paying for salaries and employee benefits, it can often be more expensive to have employees than it is worth. You can save money by outsourcing for certain services.

2.     Monitor Resource Usage

When it comes to resources such as electricity and gas, it is often surprising to Chilliwack business owners how much is being wasted. By turning off power strips that supply computers and other devices with power, turning off lights and heat, and being conservative with the amount of gas that is used to visit clients and jobsites, you can cut down on expenses by a significant amount. If you frequently have to travel to Vancouver, it might be worth planning to spend a longer day in the city rather than make multiple trips spread out over a week.

3.     Buy Secondhand

Rather than buying all of your office equipment, tools, or other supplies new, consider getting them from secondhand sources. Internet sources such as auction sites tend to be a great resource and there are also plenty of garage sales and thrift stores in the Chilliwack area.

4.     Hire Interns

There are many students in need of experience in their field. If you have a temporary position that needs to be filled, it might be worth looking into local schools to find an intern that would be willing to do the work.

To find out more money saving tips for Chilliwack business owners, or if you have questions for one of our professional accountants about any other accounting or bookkeeping issues, please contact Leskun & Son Accounting at 604-392-1551 or fill out a contact form on our website.