Owning your own business can be rewarding, but it also can be stressful when it comes to expenses. Most of these expenses are obvious-salaries, equipment, rent, utilities. But what about those expenses that you didn’t think about or plan for? Here are a few expenses to keep in mind as a business owner, many of which you can write off:
You want potential customers to know about your business.This requires promotion- whether through ads, social content, or even attending a trade show. A good advertising or marketing strategy requires a budget, even if it is small. It may seem like a trivial thing, but it can make a huge difference in attracting a significant customer base.
Whether theft or a natural disaster, sometimes things happen that you just can’t plan for. Paying for insurance (property, liability,medical, etc.) is one of the smartest moves a business can make. It protects you against costly incidents that you may not be able to recover from otherwise.
A huge part of a good customer experience is hospitality.From sending customers a small token of appreciation, to a lunch meeting with a potential client, these expenses can be worth it in the long run if it results in new and retained customers.
Educating both yourself and your employees is a great way to invest in the growth of not only your employees, but also your business.Adequately trained employees will help your company be more efficient and effective. Sending your employees to conferences or bringing in trainers is an initial investment that can save you money down the road.
Although you can’t put a price point on your time, it is without doubt your most valuable resource. And as a business owner, you can’t afford to waste it. That is why it’s important to understand how much time and energy you’re spending on your day-to-day tasks and determine what can be delegated or automated to free you up to focus on the most important things in your business.
It takes money to make money in business. So, it’s important to not only be aware of all your business costs, but also how to best manage those costs and find ways to save. Using EnergyBot to shop for your electricity and gas is a great way to save both time and money. We make finding the best energy plan and rate for your business quick and painless.
You probably already have an energy plan for your business. So why think about a future energy plan, in say, 2021… As a business owner or manager, it can pay off to think about energy plans and rates now – even a few years from now.
If you’re dreading the fact that “winter is coming” or simply dragging this afternoon due to that foot-long sandwich with all the fixin’s, we know how you feel. So we asked the EnergyBot team to turn up the energy with a quick brainstorm to share five simple ways to re-energize your spirit animal – and channel those vibes back into your business.
When it comes to buying pretty much anything – a car, furniture, shoes, or even pizza…we are all looking for the best price. Which is, of course, usually the lowest price. So we shop around…visiting online stores or stopping by traditional brick-and-mortar stores or even simply asking friends for recommendations. Eventually, we will find a price that we’re willing to pay and make the purchase.