Being an Entrepreneur is a lot like being a pilot. Getting off the ground can be difficult at first, but once you’re in the air, all you want to do so soar higher and higher. To do so, however, requires the discipline to pay attention to little things like office supplies.
Cost Breakdown
Depending on the scale of your business, little things like office supplies can significantly impact on your cash flow without you even noticing. Recent studies have demonstrated that businesses with 1–4 employees can rack up over $1844 per year in office supply expenses.
If you have 40 employees, and you’re spending less per employee at $45 per month, then your total year-end spending will still amount to $21,600 per year. If you have upwards of 200 employees, then even if you cut down to $27 per person, you’ll be racking up a total cost of $64,800 for supplies per year.
Ways To Save
Saving as much money as you can is all about the little things. Always be thinking about the potential holiday or seasonal deals you can find. Back to school season can offer some great deals on office supplies like paper, pens, and notebooks. Coupons are also a classic resource to save a small percentage on those office essentials. Black Friday deals on office supplies from the prominent office supply chains often are overlooked as well.
If you’re looking for more ways to save on additional costs, be sure to look over the savings benefits associated with an AFEUSA membership. Members have access to many office supply discounts from the bigger office supply chains like Office Depot and Office Max. With savings like this, AFEUSA can help you get off the ground and help your business scale to new heights.
Article by
Wayne Goshkarian,
Senior Advisor