The most obvious way to cut costs in 2017 as major changes suggest a rocky ride

Hopefully 2017 will bring new hope, new financial stability and greater profits as we look towards the future. However, when you look at the combined forces of global recession, the unpredictable path of Brexit and the mad and often offensive rantings of Donald Trump, you can’t help but feel that we all need to be cautious for the moment.

This is sad and depressing if not a little frightening. All businesses need to grow to thrive, to invest in its perceived strengths and reach out to its target market. But while global economies still appear to be in limbo we still have to check international growth due to uncertainties abroad and at home.

Looking to those familiar costs

Now, more than any other time, it is a time to look at ways to cut costs and out-goings. Keeping a closer eye on costs (especially those costs you don’t really question anymore – they have been a regular outlay for so long, you don’t even question them), allows you to prepare for that fall the politicians of fear have been warning us about for so long and also to make tentative steps in moving your company forward.

There are so many ways you can re-visit those daily costs and it often is about thinking twice about the out-goings which have become so familiar. Are these costs still necessary? Can you obtain them at reduced cost from new competition on the market? Can you negotiate new fees with your current providers? Can processes be streamlined to reduce current costs?

You will no doubt be looking at your teams as well as your assets and your daily processes and activities. But among all of that there is something that many business managers miss. And if they paid more attention to it they could find they could save themselves a whole lot of money.

You probably know already that we are talking about – Space.

Yes space.

It is one asset all businesses misuse. If used more appropriately they could save their company’s a great deal in annual costs. Take a look around at your offices and factories now? Which offices are not being used? Which areas are you paying for which do not service your profits? How can you streamline processes (i.e. diarise meeting rooms; monitor cancelled usage etc.) to ensure it is used to its maximum.

And is there space out there you are not using which causes greater outlay or stunts processes? For instance, what commodities do you have that are preventing space from being used effectively? Those huge cabinets of archived data – how can they be handled in a more effective way? Can you store commodities you need temporarily or seasonally in order to acquire more space? Freeing up space can prevent putting out money on assets you in fact already have, and streamlining processes at no cost at all.

At Need A Space in Canterbury Kent we want to give you space so you can save time, and money!

Looking for storage space in Faversham Canterbury or Herne Bay? To learn more about how Need A Space self-storage can help businesses in Kent and the London area click here