5 Small Business Hacks That Save Time and Money

It's like they always say, "time is money." If you want to save both time AND money, here are some small business hacks you need to know.

With only half of all small businesses surviving beyond five years, you need to do everything you can to keep your organization going. That means streamlining operations - and using your time wisely.

Curious to learn more? Keep reading to discover the five small business hacks that save time and money!

1. Stay Organized

If you're operating a new business, you can't afford to be anything but organized. Create spreadsheets where you write down every task, both immediate and distant. Then start prioritizing them.

With shared spreadsheets or collaborative software programs, you'll be able to set up task lists for each project within your company. This lets you set preliminary deadlines and allows employees to update project sheets as they complete tasks.

Staying organized helps you meet deadlines. You'll also be able to spot glitches in your system so you can make positive changes.

2. Market Yourself

Did you know that 27% of small businesses aren't operating with a website? Don't be one of them. You can save time and money when you harness the power of a web presence.

A website can detail pertinent information about your business so you're not fielding as many phone calls or questions. You can create an online shop or booking page to streamline operations. You'll create an easy destination for people to visit when they click the link on your business's social media profiles.

3. Start Delegating

If you're running the show, one of the biggest business tips is to know when to let others do the work. In other words, don't try to do everything yourself. Instead, focus on delegating what you can so you can focus on big-picture thinking.

Let your employee teams do the marketing and communication. Let them tackle accounting procedures and other ongoing tasks. As long as you provide adequate guidance and oversight, you'll maintain excellent quality control.

4. Protect Your Ideas

Don't let your best business ideas become someone else's. You'll lose a lot of money if another company scoops up your great idea because you didn't protect it.

Assign someone in your company to register trademarks and pursue patents and copyrights for your intellectual property. You don't want a competitor to monetize an idea that was yours because they could.

5. Trim Costs

A successful business knows when to trim the fat. In the lifecycle of your business, stressful times will happen. But you can weather these financial storms better if you're a leaner operation.

Review recurring and new costs at quarterly meetings with your leadership team. Consider cutting expenses, like paper products or ineffective marketing campaigns. And use software to help make accounting and communication faster and easier.

Try These Business Hacks

The right business hacks can help you become a successful small business. Prioritize organization and lean operations. Delegate tasks when you can, and ensure that your ideas are safe.

At BEGO, we help small businesses make a statement online without blowing their budget. Our affordable business websites and top-notch customer service can help your business flourish. Contact us today to learn more!