Every time you pay an invoice or write out a check, ask yourself when was the last time you shopped around for a better price. Don't just do this when a new contract comes up. You can also negotiate with current suppliers who want to keep your business. Take advantage of discounts - Professional and trade associations often offer their members discounts on insurance, travel, shipping, and other common expenses. Here are some common areas where small business owners overspend.
Mistakes can and do happen.
Speak with your phone company's customer service representative to find out whether you're getting the best possible local and long-distance rates for your business. Be aware that you often can get a better rate than the one you see advertised. But you have to ask. Don't be afraid to check out the competition and reevaluate your choice once or twice a year. If one long-distance carrier offers you a deal to switch, take it to your current carrier and ask if they'll meet the offer.