4. Look at your phone/ internet plan.
Can you do better?
 There are dozens of different phone plans available these days, some offering significant discounts and off-peak savings. Carry out an audit of your phone and internet usage and find out what plans best fits your business’ needs.



5. Review your prices

When was the last time you increased your prices? With inflation rising it is essential to ensure that these rising costs are factored into your goods and services. 



6. Review your business location 

Could you find a cheaper or more efficient work location? You may have been in the same location for 10 years, but does it still make economic sense to remain. Moving further out into the suburbs could save you thousands of pounds in rent. The declining state of the property market may also open up `hot deals’. 



7. Review transport costs

Is it time to trade in your old van for a more fuel efficient model? Do you need to visit clients or could you set up a phone conference or have them visit you? Use public transport where possible, rather than taking a taxi.   



8. Review marketing and advertising strategy

Could you better reach your customer base by email rather than mail drop? Does that classified ad in the local newspaper need to be in full colour? 



9. Seek free advice
The Federation of Small Businesses (FSB) recently launched a Finance Helpline for struggling small business owners. The helpline is accessible via a freephone number, which is 08000 193 633.