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6 ways to save money in your organisation

1. Forecast cash flow - Before thinking of ways how to stop money as a business you need to know where the money is coming from and where it is getting spent. There are many cashflow apps and websites out there, but using a simple spreadsheet can be one of the most effective ways to see the business financial scenarios in front of you.

2. Access financial support- If you have a shortfall to meet, there are many options available, including bounce-back loans and business interruption loans.

3. Cut costs - As a result of the crisis, two-thirds of microbusinesses have changed their business models. It's important to examine all of your spendings to see if there are new ways to cut costs - even the amount you spend on milk.

4. Shop around - Take the time to look for deals if you have to renew your costs soon. A business price comparison site, a partner and a member body, or even a referral scheme offered by another small business might offer discounts.

5. Save energy, save money- Microbusinesses are most likely to underestimate the cost of energy. Installing a smart meter is a great way to know how much energy you are using, identify ways to reduce it, and save money as well.

6. Negotiate openly- You shouldn't suffer in silence if you're really struggling. Talk to everyone you can to see if discounts are available, or if there are more manageable payment terms.


The whole workshop was excellent!
I was hugely impressed at what we were able to achieve as a team with such excellent facilitators

Jannette Archer, NHS

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