Start-ups are all about generating sales, but it’s important to keep an eye on your outgoing money as well. Here is a guide for money saving tips for small business.

1. Reduce Waste

An easy way to do this is to cut down on the amount of paper you print. Ask yourself every time, “Do I actually need to print this or is there another way?” If you can’t get away from printing something, what do you do with the print out once you’re finished with it? Use your scrap paper for notepaper while on a call. When you do need more ink, don’t buy a new cartridge.  Refill the cartridge at a quarter of the price.

2. Keep on Top of Your Expenditures

Review you small business bank statements every month. Are there expenses coming out that you don’t know about or have simply forgotten? Are you making needless purchases each month? Going through each line of your statement and justifying the expense is a great way of cutting down your future costs.