This post may contain affiliate links, allowing us to earn a commission on the products we would recommend to our families and closest friends. You can find more info on our Legal Stuff page.

Today’s post comes from S&S reader, Kelly. If you have a small business (or plan to launch one!) check out these tips for saving money in your business.

Every small business owner strives to be hardworking, efficient and productive. The problem is that most aspiring business owners start out only seeing cash signs rolling – not realizing there are tons of ways that money can be saved in their business.

Saving money is the goal if you can get the results that you want along the way, and when you are freelancing, saving cash is an absolute must. You don’t want to be in negative figures in your first year of business!

Instead, you want to have a profit, and that involves making savings along the way. So, let’s take a look at six genius ways you can save cash in your small business.

1. Use Little. Businesses in huge offices may use a lot of paper, ink and energy running photocopiers and printers for contracts. It’s a good idea to be as digitized as possible with your documents so that you’re not pumping out tons of paper and ink. Save your money on stationery by being purely digital.
2. Save Time. For every hour that you spend working on client documentation, you are wasting time. You may not have the funds for outsourcing, so instead, why not use a service like https://www.templafy.com. You can get the documentation that you need drawn up quickly and efficiently, allowing you to work on tasks that are earning you your fee!
3. Collaborate. Working with other small businesses may not seem like a money-saver, but if you’re advertising your services and you know others are doing the same, you could split the cost of advertising by collaborating with them online or locally.
4. Telecommute. If you work on your knees (laptops and chargers, anyone?) then all you need to do to save some cash is staying at home! You can save money on travelling to offices, and you won’t have the huge overheads of office rent. Sure, you may use more heat and electricity, but when you don’t have rent to consider, it’s not so much of a problem anymore.
5. Give Them The Tools For The Job. As an employer, it’s your job to ensure that your staff are adequately equipped for the role that you have hired them to do. With those tools, people can be better organized, happier and feel as if they have something for which to aim. Give them the right technologies and automated programs to make life easier, and they’ll work better.
6. Advertise On Social Media. One of the biggest ways to save cash as a small business is to advertise your services using social media. You can use Facebook, Instagram and other social media platforms without having to pay for them. Sure, they have features to boost your adverts that you can pay for, but when you don’t have to why bother? You can get just as far with free advertising as you would with paid-for services.

All of these money-saving tips aren’t limited; there are plenty more out there to find and your business will really benefit from them all.