Can You Save Money During A Shutdown?

We have gone off the deep end to save money during a shutdown. We literally took the batteries out of our clocks. Now, you don’t have to go nearly that far, but it can’t hurt! When you have ZERO revenue or close to it, a $10 pack of batteries is a big deal. At least, it should be. It is really quite easy to save money during a shutdown, simply treat your business expenses like you do your household ones. Assuming you are frugal at home… There are lots of options, after all, every business has a lot of expenses.

Where Do I Start To Save Money During A Shutdown

If your business is closed, you really shouldn’t need to buy anything. If you do have a desire to buy something, review it several times and don’t just click and ship. When you do buy, make sure you keep this mantra in your mind: Save Money During A Shutdown. Drill it into your staff, if they are still working. Literally, pinching pennies. If you embrace the little savings, it will make the big savings easier and even more satisfying. But don’t forget…pennies add up.

Some Saving Suggestions To Review

To help get you started, he is a shortlist of things you can review in your efforts to save money during your shutdown.

#1. Utilities: Gas, water, electricity, etc. Simply shut everything off you can. Everything. If you are in a shutdown, why keep paying for them?

#2. Supplies: We are talking about cleaning supplies, coffee for staff, printing supplies, even toilet paper in your restrooms. This is a good time to review what you are buying and for how much.

#3. Subscriptions & Contracts: Review every contract or subscription your business has. Cancel magazines, buying club memberships, etc. If it doesn’t generate sales, you don’t need it

You may have noticed we did not touch labor costs. In our view, to save money during a shutdown, this is the very last place to look for savings. Your staff is the heart and soul of your business. While you may decide that this is the time to streamline your staff, use extreme caution. If you cut too deeply, too soon, or even too late you may damage the long term health of your business more than the shutdown did. Protect your human investment at all costs.

When this emergency is over, The Beacon Center will be here, ready to help you save money on your training, meeting, and event venue needs. We are busy making improvements to our facilities and procedures to guarantee you the cleanest, safest, and most economical venue space in Las Vegas. Please visit our website and take a virtual tour. If you like what you see we can schedule an in-person tour when the Stay at Home orders are lifted. Regardless, we will be ready and waiting when we can get together and get back to business.