Archive for July 11th, 2008

July 11th 2008

Financial Awareness, Small Business Budgeting

1. Keep your employees informed

Don’t keep everyone totally in the dark — people like to know how the company is doing. If they know enough of the facts they will respond to the challenge of the company’s policies.

2. Publicise financial targets

Whatever your business you will have to work within certain financial constraints and towards some financial targets. Let the relevant employees down the line understand clearly what part they have to play in containing the business within these constraints. Continue Reading »

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July 11th 2008

Watch the Unnoticeable Paper, Stationery, Ink and Office Sundries Eat up your Money

1. Minimise your stationery stocks

You probably have several stationery stores. People hoard paper, stationery and office sundries. Get them to have a big turn-out, and see how many pens, pencils, rubbers, clips and stapling machines they are hoarding. Then collect everything together and put it back into your office stationery stores. The same applies to letterheads, envelopes, photocopying paper etc. You could quite easily find that you have one or two months’ stationery purchases in stock around the offices, plus another two or three months’ in the stores. So why not get it under better control (you may even find you don’t have to buy stationery and sundries for a couple of months)?

2. Stationery purchasing by a trained buyer

Some companies leave stationery buying to a secretary or senior clerk. However, there is much more to buying than placing orders with the same supplier. One of your buying staff may make a sizeable impression on your purchase prices, obtaining competitive quotations and considering contracts with large quantity discounts. Continue Reading »

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