Saving on Delivery Costs for Small Businesses

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Whatever type of business you run, it’s likely that you will spend a lot of the monthly budget sending out parcels and letters. Whether it’s sending out deliveries to clients and customers or simply dealing with business correspondence in a more traditional manner, the costs can soon add up.

For small businesses that are working on a tight turnover, these costs can have a big impact on the company’s profitability. There are a number of different ways small businesses can cut back on their delivery costs, for both domestic and international deliveries.

Delivery Comparison Sites

The internet has seen a big rise in the number of comparison websites, with everything from car insurance to holidays available to compare online. Parcel2Go is another such site that compares the prices of sending parcels all around the world through leading couriers. Easily compare the weights, delivery options and couriers to see how much can be saved. Or if you’re just in need of a quick quote then this can be arranged simply, whether sending within the UK, to Europe or further afield.

Auction Bids

For sending packages across the UK, reverse auction sites are a good option. This works by transporters bidding to deliver your parcels, and many will deliver all sorts of items, from live animals to furniture and more. It can be a bit more risky than sending through an official company, so check your deliveries are covered. Most transporters should have goods in transit cover, but it is always safest to check first.    

Reduce Package Dimensions

Sending large packages costs a lot more than smaller ones, so where possible it is advisable to reduce the weight and dimensions of your parcels. Tightly package the corners using packing peanuts or bubble wrap so they fit into the smaller dimensions bracket. These will change for each delivery service, so be sure to check them before. Using lighter packaging can make a difference weight wise as well, such as thinner cardboard.  

Bulk Up

Packaging materials can also add to the cost of sending letters and parcels. Buy in bulk to cut the costs and also try to send as many items out in the same package or delivery too. Recycling the boxes and packaging materials you receive is another way to cut back. Simply add a personal touch by including some of your business’ stamps or packaging for that professional touch. All these tips will be cheaper than sending directly through your local delivery firm.

Tangible Benefits of Using Tools for Collaborative Efforts

Collaboration tools for teams can present challenges, and getting full adoption going can be like herding cats, but the benefits to businesses are undeniable. Forbes recommends that in terms of collaboration, that leading by example is the best path to success, but in case you need further convincing there are serious bottom-line benefits to consider.

  • Clearer Communication: It’s frustrating when you can’t get your message across through a text message or a phone call. Not only can it make for sour moods and internal conflict, but it can also keep your team from accomplishing what needs to be done. However, with the audiovisual aspect of a complete web conference solution, you will be able to get everything you need to be sure about the message each person is trying to deliver. You’ll have physical cues as well as the tone of voice, ensuring you won’t mistake a curt response for rudeness ever again.
  • More Savings: If you are a startup or a long-established corporation struggling to get by, then you might not have much of a budget to spend just to send your people out to a meeting in another city, much less any that’s going to be held in another country. However, there might be light at the end of the tunnel, because based on information from an article by GoVLoop.com, using these types of solutions can help you lessen any expenses involved with travel.
  • Faster Decision-Making: The long wait for a response can make any employee feel anxious, especially if it’s about an urgent matter. It could be because your recipient is still spending an hour typing out a response, among other things. With a quick call over the web, you can eliminate the need to wait and just talk to each other on the spot, ensuring no important matters go unresolved.

Collaboration Toolbox

Besides a way to communicate, you’ll need to have some other tools on-hand to make your discussions much more productive. Here are a few that you can try out the next time you have to gather people for an important decision the company has to make:

  • Kanban Charts: This is perfect for anything that comes in individual stages. For instance, if somebody has to finish a draft before somebody else can edit it, then that means n progress can be made until the person responsible for the draft finishes his or her work on time.
  • Online Meeting Software: These kinds of software have been found to produce effective and meaningful discussions in workplace environments, and for good reason. Because so much can be lost over any communication methods that are purely based on audio or text output, misunderstandings can easily happen. However, if you have audio and visual working together, it’s hard to miss certain cues, making for clearer communication between all parties involved. For effective group collaboration for IT, providers like Blue Jeans offer various kinds of equipment and services that can increase your team’s productivity.
  • Social Media Platforms: Do you tend to have to chase after people just to get them to turn in their work for the day? You might have an easier time keeping an eye on them if you utilize social media for some of your deliverables. Just be careful, as it can also be easy to get distracted by anything that’s not related to work.
  • Gantt Charts: Unlike the other type of chart, these are great for anything that needs fast turnaround times and have specific deadlines that your team has to meet. You can lay out your tasks that need to be accomplished per day, and gives you a good overview of how far along you’ve come on any specific task.
  • Task Lists: While it may seem like it’s easy to keep certain to-dos in your head, as the day progress, it can get harder and harder to remember what you had to do. This is especially true if your originally plan is suddenly set aside for an emergency project that you have to prioritize, leaving you frazzled and confused. Even the simplest pen and paper should do, though you can opt for digital versions on your mobile devices instead.
  • Collaboration Apps: If you need the ability to attach files, leave comments, assign tasks, and schedule other items all in one place, this type of solution may be best for you. There are a variety of different options available for free on the web, most of which come with premium versions that provide perks.

There are so many different ways to make collaboration efforts more effective that it can be intimidating, especially since there might be some pressure to choose a single perfect method that works in all cases. While this kind of solution may be hard to find, the important thing is to find the right process for the right task, while being open to any possible changes to whatever you have gotten used to. This way, you can take advantage of what works while also adapting to positive improvements that could increase your company’s productivity and profits.

Getting the Best Currency Exchange Deal for your Business

Currency

Whether you are selling your products abroad or buying raw materials from other countries, you need access to a good currency exchange service. Getting the best deal can make the difference between your business being profitable or failing. The more money you have to exchange the more important it is for you to secure the best deal.

In, today’s highly competitive environment, you need to save money when and where you can. Even relatively, small savings add up over time, and have a big impact on your bottom line.

Understand the true cost

The biggest mistake business owners make when changing money is just looking for the best exchange rate. This is only natural, after all, the better the exchange rate, the more money you will end up with in your account.

However, it is also important to understand how much you will have to pay in fees and taxes. You need to understand which fees will be charged, and find out how much you will really be paying for each transaction.

For example, some currency exchange companies offer a fantastic exchange rate, but will only offer you this deal if you pay a membership fee. If you are not careful, the amount you pay to join can easily cancel out any savings you make because of the good exchange rate.Also, do not forget to factor in what your bank is going to charge you for receiving the money into your account.

Always get a quote

For each transaction, you really should get a quote. Sometimes firms change their fees without informing their customers that they are going to do so. Getting a quote for every transaction will help you to spot these changes and shop around for a better deal.

Use a properly regulated exchange company

They inform their customers in advance of changes to their fees and processes.Regulated firms follow high standards, and work hard to provide a good service that is also fair. Therefore, if they make changes they tell their customers in advance.

Finding a properly regulated company is not too difficult. Most firms list which regulatory body they are registered with on their website.

All you need to do is to go to the regulatory body’s website to double-check that this in fact the case. It is important to take the time to take this extra step. Unfortunately, there are unscrupulous firms out there who claim to be legally registered, but, are in reality rouge traders.

If you are looking for a money exchange service in the UK, you need to look for a company that is registered with the Financial Conduct Authority (FCA). This is the link to this regulatory body’s website. You can use it to check out any money exchange firm you are planning to use.

By following the three simple steps outlined above, you will be able to find a good money exchange service, which will save you time, money and hassle.