Save Money for Your Small Business

The CEO of Cinergy Health, Daniel Touizer, has gathered together a list of ways small business owners can save money during difficult economic times. Because Mr. Touizer is a small business leader and runs a company that provides an alternative health insurance benefits program designed to meet the needs of Americas hard-working citizens, he understands the importance of cutting corners whenever possible and looking for new and innovative ways to save money.

1.    Explore the possibility of moving your office space. The rate of commercial rental space availability has reached 10% and higher in many places. This drives rental costs down. You can also re-negotiate your lease at a lower rate if moving proves to be an inconvenience or impossibility.
2.    Raw materials costs have also gone down. Be sure you pay the correct amount based on demand. Look for sales on everything from office supplies to office furniture.
3.    Asses the costs of your work force. You may find talented people available for the same or less than what you are paying now, who are eager to work, even for lower salaries.
4.    Encourage workers to practice healthier lifestyles. More sleep, exercise, good nutrition and the like will increase productivity and reduce sick days. Even consider giving health club memberships as bonuses or offer discounts as part of a “healthy employee” plan.
5.    Allow your employees to choose from a variety of health plan options. The closer a health plan is to the needs of its members, the less expensive it can be

As we all look forward to 2010 we can resolve to do the  best we can to cut costs and encourage healthier lifestyles.