The economic recession has caused many businesses to go out of business leaving tons of space available. This means this is one of the best times to find really cheap office and retail space. Despite the cheaper space, what if you still need to cut your leasing budget? Well there are options.
Decrease your space and cost by getting a suite deal.
Whether you are a home-based entrepreneur or you need to downsize, consider sharing a suite and/or workspace. There are many executive suites and shared workspaces nationwide, and you may use one of them when you need a commercial address, conference space, a receptionist, or an operator to answer calls when no one is available.
Decrease your space and cost by setting up a virtual business.
Companies like Amazon operate exclusively online. Other stores like Wal-Mart, Best Buy, Target and other retailers maintain a strong online presence because it is cost effective. You can increase sales while reducing cost by opening an online store through an online auction site like eBay and Yahoo Auction. This will give you exposure to potential customers everywhere. If you have more capital, you can create a full website and get all the benefits of an online store and more.
Decrease your space and cost by increasing other technology.
If you are reducing the space where do the employees go? Support staff and contractors can work from remote locations without missing a beat. For example, all of JetBlue’s reservation agents work from home. You can do the same for FREE if you can configure the systems yourself and for a few bucks more get someone else to do it for you. Consider reducing cost by installing agent chat software. This makes it easy for remote employees and contractors to provide customer support while requiring low bandwidth. You can also reduce cost by installing an office telephony system. Voice over internet has matured so much past what Skype and Vonage currently offer. It is possible to configure an entire VOIP office telephony system that plays voice greeting to incoming callers, assign extension numbers to in house workers as well as remote workers, allow transfer of calls between everyone with extensions, and many provide many other features.
Evaluate these tips and determine if they are right for your business. Check back soon for more tips on “Managing Costs and Saving Money in an Economic Recession“ or contact us for other ways you can save money.
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