Overheads such as heat and light are shared with your domestic expenses, and modern computer and telephone technology can keep you in touch with customers without a loss in professional image. Be sure to check on the zoning regulations for operating a home-based business in your municipality before making this decision. Share space and services. If your home isn't suitable, consider reducing office space and staff costs by using the packaged office services available at many local business centres. Reduce your photocopying, faxing, and mailing costs by paying only for what you need when you need it.
Many centres have office space and boardrooms available for rent, some even on a daily basis.
Review service contracts. Conserve cash by obtaining competitive bids whenever possible for work contracted out and for service arrangements such as janitorial cleaning or maintenance and repairs. Always try to obtain at least three quotations. Consider reducing your insurance coverage or increasing the deductible. The suggestion that you intend to cancel may provide leverage to negotiate a reduction in carrying charges.