Business owners are always looking for ways they can save some money. They operate on tight budgets, so the more you can save, the bigger your profit margins are. However, you don’t want to sacrifice quality in your business just to save a few bucks. For instance, hiring less-experienced employees may save you some money, but the results are likely not worth the savings.
However, one area you can save money in is what you buy. Your business likely needs lots of stuff, especially when you’re first starting out. If you get this stuff used, you can save a significant amount. Here are some things that your business might need that you can usually find at a cheaper price used, but still in great condition.
Whether you’re renting an office space or setting up a home office, you’ll need some furniture. Rather than going to a local furniture store and getting everything brand new, you can save some money by getting a few things used. You could get things like desks, chairs, couches, conference tables and more, all at a discount if you look hard enough. The key is to inspect everything you’re going to get before you buy it. You don’t want to buy a used conference table online only to find out it wobbles. Check some local used furniture stores or garage sales and see what you can put together. The furniture may not be fresh out of the box, but you can still find some great stuff.
Every office is going to need some decorations as well. While you may want the finest artwork to grace your walls and impress your clients, this isn’t necessary. You can set up a decent looking office without spending a fortune. Then, when you’re making a larger profit, you can upgrade some of the décors if you wish. Here is a guide on decorating your office within a budget to give you some ideas.
Computer equipment is practically a necessity for every business, and unfortunately it can also be rather expensive. However, while you need a computer to operate, you likely don’t need the newest models. If all you’ll be doing is some basic word processing or file management, a slightly older model will still operate quickly. Look for refurbished models online, or even go back to your local garage sales. You may find some great computer equipment that’s perfectly functional, or just needs a part upgrade or two. Unless you need the fastest computer possible, opt for something a little older.
For some businesses, computer equipment isn’t the only equipment you’ll need. Maybe you’re a bakery that needs some refrigerators. Or perhaps you’re a photographer and you need to get a special lens for your camera. Whatever sort of equipment you need, you should look for ways to buy it used. Check Craigslist ads to see what people in your area are selling. Or look for specialty websites that focus on selling that type of equipment. For instance, if you need machinery, you could find used machinery on a site like http://www.machinerynetwork.com/. You can always upgrade your stuff later but starting off with used equipment is a great way to save money.
Does your business need some dedicated transportation? Maybe you want to make deliveries using a company car. Or maybe you need a truck to haul things around. Whatever it is, don’t feel like you need to buy the transportation new. There are plenty of used cars and trucks being sold in every state, so you can find something that suits your needs. Just be sure to do a background check on the car to ensure it hasn’t been in a major accident.
Finally, buying stuff for your business isn’t all about stuff for the office or big equipment. You also need to look nice, and getting a whole new wardrobe isn’t cheap. But there are ways that you can get clothing used as well which will save you significantly. For example, you can find some used suits if you need to wear a suit, some used t-shirts if you want to make work uniforms, and much more. As long as you clean up the item before wearing it, there’s no shame in getting your clothing used in order to save some money.
Always Explore Your Options
When starting a business, you don’t have to buy everything new. Explore what options exist first, and you should find there are plenty of better options out there without sacrificing quality. Hopefully, this guide was able to give you something to think about, and you’ll be able to give yourself some more breathing room in your budget.
Check out my guide on how to start your business right with tons of useful tips I learned by successfully starting, building, and selling multiple companies.