All business owners want money saving tips, whether you are a landlord, restauranteur or hotel proprietor. Ideas for saving money and cutting costs can be found in all areas of the business, but often fall under a few categories like sustainability, maintenance of your facilities and equipment, best practices for staff and marketing ideas that attract new customers, guests and renters.
Making a move towards sustainability can be a great way to attract guests to your hotel, or clientele to any company. Reducing fuel, water and other energy is not just all the rage – it’s great for the bottom line! Reducing food waste in your restaurant, harvesting free water via rain barrels and installing energy efficient appliances are some great ways to go green and save money.
Landlords with studio apartments sitting empty need to make sure these spaces are equipped with modern conveniences that highlight their best features. Restauranteurs with empty chairs and tables should consider changing the menu based on the trends in your region.
More money saving tips can be found by taking care of the purchases you have already made! Your pipes and all appliances that use water will thank you for installing a water softener because you will help them to run more smoothly! Also, any equipment with engines should undergo regular maintenance to ensure the highest level of operation. Hotels should have housekeeping staff check alarm clocks, coffee makers and other small appliances regularly, along with their normal cleaning duties.
(Post updated with new information on 5/23/17.)