Guide to Cutting Your Overhead Costs

Cut energy costs

Energy costs are soaring, especially if you run a manufacturing firm. Energy Star, a government-backed program that helps businesses cut energy costs, is a terrific source of free help. The Web has detailed advice on how small businesses can cut energy costs and calculate savings.

I recommend: At the Energy Star small business web site, start with the list of "Simple, Sure Energy Savers."

Get better control of your inventory

The costs of carrying excessive inventory, or the wrong inventory, can be crippling. Specialized inventory control software for small business can help.

I recommend: Fishbowl Inventory is a helpful software tool that integrates with QuickBooks. It also helps manage vendor and purchaser relationships.

Compare rates for a better insurance deal

Have a business insurance agent review your policies. InsuranceNoodle is a terrific Web site for getting pricing information and proposals on a full range of small business insurance products.

I recommend: InsuranceNoodle can also connect you with an independent agent.

Don't waste money on waste

Small business costs for waste removal are skyrocketing. A smaller container, less frequent pickup or other measures could save you money.

I recommend: High-volume waste producer? Bring in a waste pro such as Waste Administrative Services to pinpoint savings. Gain a waste control edge with a cost-cutting video training program from Innovative Waste Systems. Find other waste management and cost-saving services at Environmental-Expert.

Cut phone costs

Look into Web-based "VoIP" phone service, which may be much cheaper than what you use now. Vonage is a leader provider.

I recommend: Visit www.vonage.com.

Get employees involved

Employees often know best where your business is wasting money. Enlist their help in your overhead reduction drive, and offer rewards for the best ideas.

I recommend: BizTrain offers a do-it-yourself kit for setting up a full-fledged employee suggestion system.