Weekly business rail, with tips on saving on business expenses, a Better Business Bureau warning about breast cancer donations and more.
Tip of the Week
Saving money is a common goal for many small-business owners and home-based businesses. Below are a few suggestions on ways to cut back and save:
- Make those rewards programs work for you. Credit card companies and retailers offer businesses many special rewards, from cash back on purchases to airline miles. Find a company that offers you rewards your company can use, and take advantage of it.
- Search the circulars. Circulars are a great way for businesses to take advantage of specials being offered by other businesses. And many retailers will direct you to their websites, where they offer special deals on supplies and equipment you may need for your business.
- Review all the services your company contracts for, such as phone, Internet, mail, cleaning, electricity, water, etc. Look for ways you can combine services, potentially paying less money to fewer contractors. You might also be able to trade your company's services, or share services with a neighboring business.
- Buy quality so you don't have to replace. When you shop for office supplies it may be tempting to choose the least expensive items. But spending more money up front for quality furniture and equipment may save you in the long run. Plus, if you have customers visiting your office, you will want them to see that your equipment is in great shape, not run down and needing replacing.
October is National Breast Cancer Awareness Month, and many national and local businesses are marketing pink ribbon products and services to support a cure for breast cancer. The Better Business Bureau advises those consumers considering supporting the cause to research donation claims before making a purchase.
"The ultimate goal is for a significant portion or all of the purchase to end up in the intended charity's hands," said Steve J. Bernas, president & CEO of the Better Business Bureau serving northern Illinois. "Consumers can ensure this will happen by asking the right questions when donating to any cause."
For more information on how to ensure that your donation gets into the right hands, visit www.bbb.org.
Here are the world’s most powerful women, according to Forbes.com:
1. Michelle Obama
2. Irene Rosenfeld
3. Oprah Winfrey
4. Angela Merkel
5. Hillary Clinton
6. Indra Nooyi
7. Lady Gaga
8. Gail Kelly
9. Beyonce Knowles
10. Ellen DeGeneres
Number to Know
11,000: The Dow Jones passed this number on Oct. 8, the first time it has happened in five months.
According to a study by AVG, 92 percent of U.S. children have an online footprint by age 2 because of parents using social-networking sites and blogs.
GateHouse News Service