As the cost of living crisis bites, SMEs are looking to save money and maintain a steady cash flow.&nbsp; We want to know: what clever solutions have you come up with to save money as a business owner?&nbsp; It might be as simple as a switch to renting equipment, or buying a printer that prints on both sides to reduce paper waste. &nbsp;We'd like to hear all your tips and tricks.

business

financial services

What canny ways are you saving money as a small business?

We live in a subscription service culture and reviewing current subscriptions is a great way to save money as a business. You'll generally find at least something you no longer use which could be cancelled as any providers rely on people forgetting about the renewal of the service.

Also, switch business banking to a provider who offers cashback and a free banking period. They often offer a free switching service so you don't have to do this manually. 

Rob Peters

Rob has a background as an independent consultant making financial services safe and accessible for consumers. Previously also a HNW financial adviser he now runs a high-quality mortgage brokerage, Simple Fast Mortgage. Rob holds the Dip PFS, MAQ & ER qualifications.

Rob's industry expertise has been engaged by professional service companies such as Price Waterhouse Cooper, KPMG, Grant Thornton, and Deloitte, high-street banks, financial service boutiques, and the regulator; the Financial Conduct Authority. 

Over a 20 year career Rob often saw customers receiving poor quality financial & mortgage advice, resulting in inappropriate, or high-cost products being recommended. This inspired Rob to offer the benefit of his experience directly to those who would benefit from it most and Simple Fast Mortgage was created.

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Cash is king for any business but you have to spend to grow. I created My VIP Rewards to not only help businesses to support their staff with rising cost of living but to also give them discounts on business expenses. Saving business owners money on HR , accountancy, printing, legal , recruitment , and also offering them advertising for their business to help them to reach a new audience for free.

Maddy Alexander-Grout

Maddy founded My VIP Card in 2017 after the birth of her first child, she suffered with a couple of nasty mental health conditions, but realised the more she got out of the house the better she felt.

She started a parenting forum to help new parents, and quickly realised that being a new parent was expensive. She started speaking to business owners , and arranging discounts for her mummy friends, and the more she connected with her community and supported local the better she felt.

She has the idea that something was needed to support local and help to champion small businesses , whilst getting people out of the house.

My VIP Card was born.

Maddy has a background in HR , Recruitment and Change management, employee engagement is a huge passion of hers and she wanted to use My VIP Card to help employers to reward and recognise their staff and members whilst supporting the community around them.

Maddy has won 15 awards for My VIP Card in the last 4 years, been featured in The Guardian, The Financial Times, The Mirror, The Telegraph , The Metro and on BBC radio.

She is a clubhouse addict, loves LinkedIn and anything small business, high street and shopping is her specialist subject. 

What canny ways are you saving money as a small business?

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Rob PetersVerified

Principal at Simple Fast Mortgage

Maddy Alexander-GroutVerified

CEO at My VIP Rewards

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