3 surprising ways your small business can save money

Published on May 11, 2023

3 surprising ways your small business can save money

If you run a small business, you most likely will always be looking for new ways to save money. This is because doing so will enable you to grow your business and you can achieve your goals more easily as a result of having more money to spare. That said, read on to see three surprising ways in which you can save some money as a small business and get worthwhile returns for your efforts.

1. Invest in customer service AI

Customer service is an important part of any business that hopes to grow and stick around for a long time to come. This is because good customer service can help you keep your customers, who will tell other potential customers about your business. This is one of the best types of marketing that you can do and so it’s worth ensuring it’s good quality.

Hiring qualified customer service personnel and providing them with the tools and equipment that they need to work effectively, however, might be expensive to do. You could get customer service AI instead, which will save you a tidy sum over time. A growing number of business owners are opting for this type of customer service because it can save substantial time and money. In fact, the chatbot AI feature ChatGPT reached 100 million active users in January 2023, a mere two months after it was launched.

2. Upgrade your electrical panel

As long as you use electricity in your business, you can be sure that there are a few ways in which you can make savings. One of these is by upgrading your electrical panel. If you have many circuits in your business, it’s especially important for you to do an upgrade. That’s because you can get higher energy bills when you have many circuits that lead to an overload. Small electrical appliances typically need 15-amp circuits.

This is an important tip to keep in mind, and one that can help you not only save money but can also help you improve electrical safety. Call an electrician and ask them to perform an inspection and suggest other changes that you can make to improve your business in various ways.

3. Go digital

Going digital can help you save money and the environment. One of the top most recycled materials is paper, which is also one of the most used items in office environments and other businesses. Going digital can help you save money on paper, ink, and printing appliances along with those appliances’ service needs and maintenance. What’s more, going digital can also help you save time because you can quickly access and find files that you need rather than hunting through a filing cabinet.

By using these tips above, you can save a good amount of money with your business operations. With some effort and dedication, you can soon form new habits and ingrain the same in your employees. This is going to provide your business with a firm foundation that will likely withstand a fair amount of growth and other changes.


This article was written by SmallBizViewpoints from Small Biz Viewpoints and was legally licensed through the Industry Dive Content Marketplace. Please direct all licensing questions to legal@industrydive.com.

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