Make Money Online Queries? Struggling To Get Traffic To Your Blog? Sign Up On (HBB) Forum Now!

Cut Your Company’s Overhead With These 5 Strategies


No business can completely avoid overhead costs. Even the leanest operations in the world need to invest in electronic equipment, communications services and basic utilities such as water and electricity—or pay a commercial landlord or coworking space to address all those costs.

Cut Your Companys Overhead With These Strategies

Nevertheless, it’s possible to deeply cut overhead costs without sacrificing productivity or production quality. Here’s a look at five straightforward tactics that apply to small, midsize and enterprise-grade companies around the United States.

1. Implement Efficient Policies

By definition, efficiency leads to savings. Efficient office policies can substantially reduce overhead costs in a variety of areas, such as:

Printing: Switching to double-sided printing cuts your paper costs in half.

Lighting: Phasing out incandescent light bulbs and energy-hogging fluorescents in favor of efficient LEDs can significantly reduce power costs. So can installing timers or motion sensors, so that lights automatically turn off in areas that aren’t in use.

Telecommuting: Giving employees the option to work from home on certain days reduces driving, which saves gas (a cost to employees) and reduces traffic (making more time for everyone else on the road).

2. Use A Telephone Answering Service

Many business owners are surprised to learn just how versatile telephone answering services really are. A telephone answering service can significantly reduce after-hours burdens on your staff, simplify your logistical footprint (possibly reducing labor and management costs) and even allow you to replace on-site reception staff with virtual receptionists. If your company handles lots of inbound calls, an answering service is definitely worth looking into.

3. Re-evaluate And Renegotiate All Outside Contracts

No matter how fruitful or long-lasting the relationship, or how loyal the outside party, it’s important to periodically re-evaluate all third-party contracts to ensure that you’re getting good value for your money. Don’t be afraid to cut ties with contractors that routinely underperform, or to ask for discounts from contractors with whom you’re generally happy—for instance, if you can guarantee higher order volumes, ask about a per-order price cut.

4. Transition To Digital Record-Keeping

Paper records take up space, use lots of resources (paper, folders, cabinets) and are loss-prone. Digital records held on physical storage devices and in the cloud are certainly not without their own problems, but they’re generally more secure, less wasteful and cheaper than their analog counterparts. If you haven’t done so already, research secure cloud storage options and implement a transition plan.

5. Take Up Less Space

How much office space do you really need? That’s a tricky question with no easy answer. Space costs money, so it’s in your best interests to reduce your footprint wherever possible. At the same time, trying to cram more employees and equipment into less space can damage morale and lead to other intangible downsides.

The best rule of thumb is to not let your space get ahead of your company’s growth. In other words, look for office space that fits your company’s needs in the present to near term, not its needs as you expect them to look in five years.

How are you reducing your company’s overhead costs?


CEO and Founder of Slashsquare, Indian Blog Network and Web Consulting Media. HBB is a part of Slashsquare Network. I'm a Tech Blogger, Striving Entrepreneur, Atheist, and Proud Indian. Catch me on Facebook and Twitter.

  • My Website

Want to discuss your queries and interact with experts? You can connect with HellBound Bloggers (HBB) Facebook group for free!

Join HellBound Bloggers (HBB) and get Instant Updates. We'll also notify you with Great Deals, Discounts and other Interesting Tips. We won't SPAM or SHARE your Email Address with anyone.

Thank you for reading! We welcome and appreciate your comments, but at the same time, make sure you are adding something valuable to this article. If you have any serious queries, suggestions or anything related to this article, feel free to share them, we really appreciate that.

But, if your blog comments are a random "Thank you", "Useful Post", or anything that doesn't actually upscale the article, then we'll be removing them and it won't be appeared below. Thanks for understanding and thanks for connecting with us. If you want to give us any feedback or report any errors, you can kindly contact us and we'll revert back soon.

  • Comments
  • Facebook Comments
  • Comments

    Leave a Reply

    Your email address will not be published.

    You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

  • Facebook Comments