In today’s highly competitive economy, small businesses always have to find ways to tighten their belts and reduce their fixed costs. Keeping the doors open for more than five years is a huge victory, and even after a business passes the five year mark, there certainly seems to be a lot of month left at the end of the money! Finding creative ways to cut costs is absolutely essential for any business to stay consistently profitable.
Running a small business means always looking for ways to do more with less. It’s difficult to keep the doors open for more than five years, and there always seems to be a lot of month left at the end of the money. That’s why it’s so vital to identify inefficient processes and procedures and find ways to improve them. But where should you start?
We live in a digital world now, and numerous businesses have come to embrace the transition to a paperless workplace. Many people still insist on keeping a hard copy of important documents, because they still don’t trust the cloud. But the cloud is actually a very safe place to store important documents, as long as the proper security protocols are consistently followed.
Small businesses have to operate with the leanest staff they can get away with in order to remain competitive. This is particularly true for the first few years of operation, but even a thriving business can’t afford to be wasteful when it comes to time or money.
Capital is a family-owned company with deep roots in central Arkansas. We first opened our doors in 1939 as Capital Typewriter Company, and our first store was on Main Street in downtown Little Rock. Back then, no one knew what the future had in store for them, but they had the wisdom to know that long-term success depended on partnering with their clients, and providing legendary customer service. Over the past eight decades, we’ve also seen several manufacturers come and go. Some companies have been able to adapt to change, and some haven’t.