How to Save Potentially Thousands of Business Dollars Each Month – Telecom Expense Management

In today’s economy, it is essential to wring every penny of profit available into your company’s bottom line. Efficiency is the key. Unfortunately, sometimes that means reducing your workforce, but there are other ways to stay profitable without needing to become Mr. Scrooge and laying off people.

Tell Me How

As I said above, efficiency can be the key. One of the top 3 expenditures of most companies nowadays is their telecom usage. Your business might be different, but telecom is still a large part of your expenses. The technology we have today has allowed us conduct business better than ever before, but paying for that technology shouldn’t negate the positive effects, should it?

No

If you have more than a handful of wireless devices in your company, you know that each month the mailman drops a stack of telecom provider bills on your desk, most of which simply get paid without any scrutiny. It’s just easier to send a check to them than to attempt to decipher the bill. Don’t let the fact that 10-15% of all invoices contain errors, most of which are in favor of the vendor bother you.

Another problem is wireless devices. Who controls the acquisition? Do you just trust your employee to sashay into the local cell phone dealer and get the right equipment? Tell me you don’t! If so, have you ever thought about how many lost or damaged devices you are still paying for because the employee didn’t bother to tell anyone? Don’t. It could cause you to have nightmares.

Vendors (bless their hearts) are out to make a buck like any business. If they can sell the most expensive service contract along with a device that has more whistles and bells than a NASA space shuttle, they will do it. Unfortunately, you are paying for the whistles and bells, but you aren’t realizing any benefit from them. If you could ensure that certain categories of employees could acquire only approved devices and contracts, you could save a bundle.

One other facet of telecom usage that can result in chaos is asset management. If you have no idea what equipment you have, or who has it, you might as well give up and just pay the monthly bills and hope they aren’t too far out of whack. It is critical to have an accurate and constantly updated inventory.

The Answer

One word. “Telecom Expense Management.” OK, that’s three words, but it is one important phrase. Telecom Expense Management (TEM) professionals have the skill, training and tools to comb though your telecom systems to find and eliminate waste. Some companies, such as H&R Block, save hundreds of thousands of dollars a year using the services of a TEM team. Obviously it isn’t a free service. TEM companies make it worth your while, though. Often they will charge a percentage of the savings they discover, so their incentive to make you telecom usage as lean and mean as possible is great. That way, everyone wins. Your company’s bottom line looks better, and the Telecom Expense Management company comes out smelling like a rose, too.

Contact a reputable TEM organization to find out more details about what they can do for your company.

Start a Dollar Store and Keep Customers Coming Back

Those who have the funds have no problems when they want to start a dollar store. In fact, with a huge amount of money, one can open several branches of dollar stores at once. The big question is will the dollar stores gather enough clients to keep them busy and to generate dollar store profits for the next years?

Just like all other businesses, dollar stores need customers. In order to keep them coming back, a great customer service routine is needed.

Why is customer service so important? It is because customers give the business a reason to exist. Without customers, the dollar store will have no sales. Without sales there will be no dollar store profits. And without profits, there will be no means to continue the operation of the business.

So, in order to keep the customers coming back and let the business get going for a long time, here are some pointers to remember when interacting with the customer:

o Greet like you mean it
At all times, instruct the store crew to greet the customers. It doesn’t matter what the employee is doing, they are never too busy to stop and greet shoppers. The point is that they are inside the store for a reason and their presence deserves to be acknowledged. Also, greeting the customers is the same as saying that they are ready to assist them in their needs.

o Courtesy is the key
Addressing the customer in a polite manner is important. Many stores commit the mistake of addressing the customers impolitely because they judge them by the way they look or dress. This is a big NO-NO. Never commit the mistake of judging the people who enter the store.

o Cleanliness means no mess
Having clean store premises gives credibility to the store and to the crew. A clean store sends a message that the services and products that are offered are likewise clean and safe for consumption. However, cleanliness does not only apply to the premises. The crew must make a good appearance. Their attire or uniforms must be spotless and their appearance must be pleasant.

o Attentiveness is part of the business when you start a dollar store
This applies when a customer approaches and asks for something. As a store crew/assistant, the duty is to entertain the query of the customer in a fast and polite manner. If the customer asks the price of an item or about another item, promptly provide an answer. However, if the customer asks for something not found in the store, politely recommend alternative products or even competitors where the item might be found. Remember; while your answer might not mean a sale today, over the long term great customer service means more sales and with that come dollar store profits.

To your success when you start a dollar store!

What an Energy Broker Does, and How They Can Save Your Business Dollars

So what does an energy broker do, and how can they potentially save you money in your business?

If your business is spending thousands, or tens of thousands of dollars a year on energy, whether it be gas or electricity, there is a great deal of money that you could be saving on your energy spend by simply allowing an expert to negotiate the terms of your energy purchasing.

How You Traditionally Buy Energy

Traditionally when you purchase energy, you do it through a retailer. That retailer has a markup in order to make a profit in their business, but there is room for negotiation if you have the right information and someone with the right skills and knowledge to deal on your behalf.

Energy markets are somewhat like the stock market, in that energy prices are prone to fluctuations, sometimes very large fluctuations, which means if you purchase your energy at the wrong time, and are locked into a contract, that it can have major cost implications for your business.

But what if you had a way purchase your electricity or gas, but have an energy broker watching the ‘market’ so that you can purchase at the best time? A broker can also building a profile of your energy usage to take to energy retailers in order to get you the best deal.

The Role of the Energy Broker

Different businesses have different energy requirements, so some businesses may prefer to lock in their energy price with a contract, while others prefer to have more flexibility in their approach. Either way, with an energy specialist working with you, your purchase options can be explored and the broker can garner significant savings in several key areas;

• Getting you a better deal with Australian energy retailers

• Negotiating on your behalf

• Preparing ‘critical load’ data for energy retailers

Energy markets are complicated, as a business owner or manager, you may not have the expertise or knowledge in the nuances of the market to be able to negotiate the best pricing and structure for your business energy needs.

A better result can be achieved by someone who is an energy management expert, without you having to feel like you need to understand the intricacies of the marketplace. Your broker can advise you on both how to best purchase energy for your specific needs, as well as finding the best timing within a given time frame, so that you are buying at the best price available.

Who Needs the Headaches of Owning a Dollar Store?

Owning a business is not as easy as most might assume. It isn’t a matter of simply opening the door for business and the customers start stampeding in with lots of cash in their hands. There is always an investment of time, money, sweat and often tears before a new business starts moving down the right path. Most of those who own a dollar store have their own stories of the challenges, troubles, and successes they have had with their business. In this article I present 5 reasons starting a dollar store might be the right business path for you.

* You are your own boss

Many have the goal to become their own boss. Owning a dollar store of their own is the vehicle which will get them to their goal. They seek the challenges of managing a business themselves. They relish the thought that success will be the result of not only their hard work, but also their good management.

* Financial rewards are there waiting

Starting this type of business requires an investment to set things in order for the actual opening of the store. There is money required for everything from lease payments to store fixtures and equipment. Don’t forget about the costs associated with buying the initial inventory and a quick replenishment order soon after opening. On the other side of the coin are the future financial rewards waiting for those who build sales and profits with effective marketing, cost cutting and store management.

* You provide the ‘value’ merchandise bargain hunters seek

In today’s marketplace there are more and more bargain hunters. These bargain hunters seek quality products as reasonable prices. Starting this type of business allows you to meet this need by providing those very products at low prices.

* You offer mainstay products to those who have limited funds

Owning a dollar store provides the opportunity to create a true win-win. On the one hand, sales of products create the ultimate business profits those who start this type of business seek. On the other hand, smart wholesale buying leads to great buys for those customers with limited funds to spend. These store owners can provide the most needed products at great prices for these shoppers.

* You set your own path for the future

Owning a dollar store allows you to set the goals for your business and yourself. It also allows you to establish the actions needed to achieve those goals.

Starting a dollar store isn’t for everyone. However for those who have dreamed of owning their own business, dollar stores offer many rewards. Follow good business basics as you prepare and start you business. Be sure to have adequate funding. Do not expect overnight riches – but know a well-managed store can achieve success.