A Great Way to Cut Small Business Costs

You already know the importance of being financially smart. Handling finances the "right way" is a skill that many of us struggle to master. What a lot of people fail to realize is that there are so many easy tricks to saving money. Here's a tip on how every small business owner can cut costs.

Cut Costs By Going Green

Aside from the environmental benefits, making eco-friendly adjustments to your everyday life can, and will have significantly positive outcomes—especially for those running small businesses.

The first move that most entrepreneurs often make is to go paperless. Operating electronically means less energy consumption, faster turnaround when communicating with clients, vendors, and employees, and much more data security.

Businesses can lean on digital technology to handle things like tracking sales, analyze data, automate billing and more. Cutting out paper consumption saves money and associated costs while simultaneously directing your business on a more efficient path that you can capitalize on.

ICAST provides a host of other simple tips for becoming more energy efficient and saving money on your next utility bill. For example, one easy way is swapping traditional light bulbs with energy-efficient LED or CFL ones—what a bright idea!

Additionally, you can get even more out of this switch by finding out how you can receive tax deductions and credits by becoming more energy efficient. According to the Energy-Efficient Commercial Building Deduction, "The amount deductible may be as much as $1.80 per square foot of building floor area for buildings that achieve a 50-percent reduction in energy and power costs."

Because of the cost-savings, improvements in efficiencies and potential tax savings, it's a no-brainer to go green.

To view the original article, visit the MileIQ blog.