We all know that running a home business is highly satisfying, and at times downright liberating! No clock to punch, no dress code, and best of all, no boss to answer to. But there are also many facets of business ownership that entrepreneurs must stay on top of. One of those is keeping expense to income ratio in balance. Below are seven painless ways to do just that.
1.To save on costly ink cartridges, print in draft mode, unless printout is for a client or will be reproduced.
2.After spending your hard earned money on those ink cartridges, turn them into a free ream of paper! Many office supply stores offer a free ream of copy paper when you recycle a used ink cartridge at their store. Ask your local office supply store if they offer this service to their customers.
3.Make that free paper last twice as long. How many times have you printed something without spell checking it first? Use back of those misprints for making lists and jotting down ideas. Another way to keep paper use down is to utilize annoying sheets that often print out last with just a small ad or footer on them. Turn them over and print on blank side.
4.Apply for a cash back/rewards credit card. Using one credit card for all of your business purchases simplifies bookkeeping and makes categorizing expenses at tax time a lot easier. Why not earn rewards such as airline miles or restaurant gift certificates, or even better- cash, on purchases you have to make anyway? Just be sure to fully read fine print concerning interest charges and late fees. Or pay off balance each month and avoid both!