The cost of doing business as a new start-up can be daunting. Here are four quick tips to help you keep costs low, stay efficient and look good!
Congratulations! You’ve decided to take the plunge, and start your own business! But after the initial high of being your own boss, it’s easy to get bogged down by the cost of doing business. It definitely can be expensive, and various overheads and services can stretch your funds to the limit. Fortunately, there are service providers out there that can help you keep your costs down, maximize productivity, and even look good at the same time.
Here are four costs that can be minimized with their help!
Cost #1: Find a cost-effective rental solution
The cost of renting a space is often one of the most expensive costs for startups. If you need a no-frills space to hunker down and work, and don’t want to pay for extras you won’t use, check out local service Work+Store Space. The service offers 24-hour accessible units from as low as $240 a month, complete with standard fittings, in various convenient locations.
Cost #2: Warehousing costs
Many new e-commerce businesses start off by keeping their goods at home. If your inventory is encroaching on your family’s space, it’s definitely time to find a warehousing solution. Work+Store Space also provides affordable warehousing for your inventory. Card-accessed, secured and camera-monitored facilities mean you won’t have to worry about the safety of your stock.
Cost #3: Delivery costs
Delivery costs, whether you engage a service, or buy a van to send your goods around the island, isn’t cheap either. If you need to send out shipments regularly, and find the regular post too slow and inconvenient, Work+Store also offers to deliver your goods to your customers, as part of their suite of services. It’s like having an in-house courier, without the overhead costs!
Cost #4: Utility costs
As a first time business owner, getting your first utility bill can be quite shocking. Commercial rates are higher than what you might pay for your home’s bills. These overheads can really start taking their toll on your bottom line, but its hard working in Singapore’s heat without air-conditioning. Fortunately, with Work+Store’s all-inclusive solution, you just need to pay a single fee for your work space, without having to fret about the high costs of utilities.
View the available locations for Work + Store at: http://workstore.com.sg/landingpage/sem.php and request a quote for your new business today!
Work+Store Space is conveniently located at 3 sites now namely, 18 New Industrial Road, 680 Upper Thomson Road , and 18 Tampines Industrial Crescent. The service will soon expand to 2 more sites at 100 Eunos Ave 7 and 38 Ang Mo Kio Industrial Park 2.
Work+Store is a service provided by LHN Group, a Singaporean company providing various real estate management services to businesses since 2005.
This article was sponsored by LHN Group