How Businesses Save Money

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Corporations aren’t like you and me. We can save money by bringing our lunch to work or by taking walks instead of going to the gym. That’s not how big companies that employ hundreds or even thousands of people work. Their operations are more complex. Something an executive does can have ripple effects all the way down the ladder to the shortest-tenured mail room employee. When companies look to save money, they usually have to go big.

Video conferencing

Most of us have been on business trips. If you’re in Wichita and the boss wants you at a meeting with the company executives at the headquarters in Atlanta, then it’s time to pack a bag and ask a neighbor to watch your cat. For a long time, there’s been a belief that some deals just need to be worked out in person. That’s still true in some cases, but not all of them. More and more businesses are looking at the available technology and using it to save money. Companies like Polycom offer video conferencing and other solutions to companies looking to build bonds among team members without having to pay for so many round-trip plane tickets. Conference call and video call conversations don’t have to be staticky and unpredictable anymore. If you bring someone in via a video connection, you should be able to talk back and forth for as long as you need to without having to constantly ask, “What did you say?” or “Sorry, repeat that; I couldn’t quite hear you.”

Utilizing the space you have

It’s common to hear about companies expanding by adding new wings to a building, or even by constructing new buildings entirely. It seems like tech companies in particular love to upgrade their headquarters. It’s nice to walk into a new place and breath in that new office smell. It can boost morale and recruitment, as plenty of candidates will love the idea of working in a shiny new office building.

But you know what else successful companies do? They make the most of the space they’ve already got. That’s especially critical for any warehouse operations, which need to operate in a manner that’s both efficient and safe for the employees. It’s common for companies based in the heart of New York City to place their warehouses in Northern New Jersey. There’s usually more space available in New Jersey, but that doesn’t mean it can be wasted. Whether it’s in an office or warehouse, companies have to use every inch of their square footage in a way that makes sense. Departments should be organized and easy to locate. A business shouldn’t resemble one of those discount stores where everything is thrown around haphazardly and you find silverware in the women’s lingerie department.

Thing of a company like a bookshelf. Whether you organize your books by author, genre, or color, you probably do it in a way that makes sense for you and is easy to remember. You don’t want to have to stand in front of your bookshelf and think about how everything is arranged. You just want to be able to grab the book you need and move on your life. A poorly organized space wastes time, and we all know that time is money.

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