When you’re operating a startup, one of your very first goals is scalability. As a small business owner, you’d try every possible way to optimize greater workload without compromising on your revenues. To put it simply: you’d want to make the most out of your limited resources. But how do you make your business scalable? Is there any budget-friendly method you could follow to scale up your business? Let’s find out.
Use GoDaddy Promo Codes for Web Hosting
When you are going from basic web hosting to more complicated needs (more bandwidth, storage space, SSL, maybe even dedicated IP addresses and servers) you will definitely notice an increase in your web hosting bill as well. To help keep that increase minimal and your budget on track use a godaddy promo code for their hosting services, such as the ones found at Couponvps.org. Or, if you prefer to use the services of a different web hosting company do a quick search online to find deals or coupons for them.
You can also search for online deals sites that will have valid and updated codes. We like promo codes from CouponFeed, but you can probably find other sites like retailmenot.com and goodsearch.com that may have promotions for your own needs.
Leasing vs. Buying Equipment
If you own a small business, it’s very likely that you have limited monetary resources. So at this point, it would only be viable if you lease equipment instead of buying it. Leasing is an excellent idea for equipment that require frequent updates. There’s relatively smaller up-front expenses and the payment too is pretty predictable. And that’s not all! Leasing offers a wide range of options when it comes to the kind of equipment you’re looking to get, it doesn’t include the maintenance costs and it’s often 100% tax deductible.
While you can always buy a piece of equipment if you’re not comfortable with the idea of recurring expenditure, yet if the specific product/technology is updated frequently, it’s always better to lease your stuff.
Hiring freelancers is an excellent way to meet high demands, address your short-term needs and mitigate your overhead costs. As they operate from their homes, you end up cutting down on your office expenditure as well. You can hire them for doing the non-core work or testing new ventures. The right freelancer will work according to your preferred schedule, offer services at affordable rates and also be available for future projects. You can also outsource them from international labor markets where services are relatively cheaper. This is particularly ideal for writing, graphic design and software development projects.
Get Your Employees to Work From Home
This is yet another effective way to save your office expenditure. According to a research, if a typical small business allows their employees to work from home, they’d save more than $11,000 a year. As your employees use and operate their own resources, your office expenditure will come down and you’ll be able to optimize your savings in other areas that deserve your attention. In addition to this, there’ll be a high retention rate, less sick days and decreased travel costs. At the end of the day, it is your business that’ll be at the most strategic position with this method.
Although it’ll take more time on the front-end, automating everything will definitely help you in the long run. It’ll let you access data faster, market your services better, pay more easily and streamline your operations better for a perfectly scalable business model.
Outsource the Non-Essentials
While big companies can afford in-house employees, at this stage, your startup can’t afford that luxury. So if you want your company to be strong enough, outsource every major non-essential role. Your graphic design company doesn’t need a department to handle law; your SEO agency doesn’t require a full-time Power Point specialist. Follow this lean approach to save big in the long run.