How to Cut Down On Some of Your Key Business Costs

calculator-calculation-insurance-finance-53621For many small businesses, the best way to increase profitability is to look for ways to cut expenses. Every dollar you save is another dollar in profits and as long as you maintain quality, efforts toward cost cutting can be an effective way to provide financial relief to your business. 

You might not be able to get rid of many of these expenses altogether, but there is a good chance that you could cut your costs considerably by managing small business expenses more effectively. The following are a few of the major expenses that can impact small businesses and some of the ways they can be reduced.

Rent

Rent is usually one of the biggest expenses for a small business. If you are renting space, you need to make sure the location is serving you well. Think about whether you need all of the space you have. If not, move to a smaller, more affordable location. If your business does not depend on traffic, you could consider moving to a place that is away from busy commercial areas. 

Marketing

If you want to get more leads, attract new customers and build brand recognition, you are going to have to pay for marketing. With that said, you might be able to find ways to save money on marketing. Try to focus on the marketing channels that offer the best ROI. Investigate the types of marketing that offer a good return in your industry or talk to local business owners to find out what works well for them.

Equipment 

Depending on your business, you might need all sorts of equipment. If you are looking at an expensive piece of equipment, you might want to consider buying it used. As long as the used equipment is in good condition, it can be a way to save a lot of money on an otherwise expensive purchase.

You should also invest in preventative maintenance for any expensive equipment you have. The maintenance might cost money over time, but it can extend the life of the equipment and help you avoid expensive repairs.

Utilities

Utilities can be another major cost for some businesses. You have to cover costs like electricity, water, internet, phones and gas. One way to cut these costs is to set rules around how some of these utilities are used. Make sure resources like electricity and water are not being used wastefully. You could also consider buying more efficient appliances and equipment. Some of these pieces might cost more upfront, but they could save your business money over time.

Employee Compensation

Labor is the highest cost for many businesses. You definitely want to have a good team of employees around you, but you also want to make sure you are not spending too much on labor. Evaluate your payroll to make sure you really need all of the employees you have. In some cases, you might only need a part-time employee where you currently have a full-time worker. Making some of these adjustments can make a huge difference for your company’s bottom line.

As another option, you could also consider hiring a virtual assistant to handle some of the work that would go to one of your employees. This is usually more affordable than keeping an employee on the payroll and virtual assistants can help with a wide range of tasks.

Take the time to look at every expense to see if there is a way you could cut costs. You might not be able to find huge savings on everything, but every dollar counts when you are running a small business.

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A Parent’s Guide To Cooking Vegetarian Foods For Kids

FruitToddlers can go through phases where you just can’t get them to eat what’s on their plate. Sometimes they make a face when you serve them veggies, and sometimes they push away a plate that has meat on it. Don’t worry! Your child will not go hungry or miss out on the nutrition they need as a growing child. 

 

A vegetarian diet is a healthy way to eat. It is easier now more than ever to feed someone who doesn’t eat meat because of all of the meatless options available to us. Parents should know that their child may just be a picky eater and outgrow their “no meat” phase, but if not, here are some simple tips for feeding your vegetarian.

Don’t Stress

There are different types of vegetarians, and many reasons why your child might not want to eat meat, including a love for animals and their environment. Ask your child if there is a specific reason for not eating meat and discuss what it means. Tell them you will work with them to make sure they still have a healthy diet and are getting enough calories throughout the day.

 

Know What Kids Should be Eating 

Vegetarians should be eating dairy products, eggs and bread for vitamin B12, which is essential for growth and development. And although we think of eating meat as the best way to get B12, eating other animal foods, such as eggs, milk and cheese, is also a great way to get this nutrient in a diet. If your child is hesitant to eat animal foods as well, you can try serving them B12 fortified cereals and soy milk. If this still doesn’t work, speak to your child’s pediatrician about getting a B12 supplement.

 

Don’t Forget Vitamin C

Iron intake isn’t a problem for kids who eat lots of produce, grains, dried fruits and cereals. But plant-based iron is not easily absorbed into the body, so it’s smart to serve food and drinks high in vitamin C with iron-rich meals. Pour a glass of orange juice when serving a bowl of cereal or add lemon to a glass of water. Adding broccoli or spinach as a side dish to a meal also helps.

 

Monitor Milk Consumption

Milk does a body good but drinking too much as a vegetarian can block iron absorption and cause your child to become full quickly, affecting how much she eats when food is served. Give your child enriched soy milk to see if they like it. It contains iron and will help with calcium intake. 

 

Keep Things Interesting

Today, there are so many meat replacements – from tofu and mushrooms to beans and eggplant. Grill up some veggie burgers for the whole family and set up a topping bar with all the fixings, or get out the chopsticks and fry up some vegan fried rice. 

 

Go Nuts 

Almonds. Cashews. Peanuts. Walnuts. Pecans. With so many varieties of nuts available, it’s easy to find a few that your child will like. They are easy to eat, and a great source of protein. Serve them mixed together or topped on a salad. 

 

Remember All the Food Groups 

As long as you create a nutrient-rich diet and include foods from all of the food groups, your child will continue to grow big and strong. If you feel that your child isn’t getting enough healthy meals, or you want to learn more about vegetarianism, speak to your child’s pediatrician.