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An entrepreneur hates the idea of spending money on shipping. They just want to get into a Longship and cut out the middleman! Sadly, this isn’t an option in the 21st century because it has something to do with E.U regulations. Still, fear not as there are ways for businesses to cut the cost of shipping to a bare minimum. Hold onto your horned helmets because this is the Viking Wanderer way to organise the delivery process.

Think About Goldilocks

Apart from her flowing blond hair, it’s her story which makes her a shining example. What’s the first way to save money? It’s to find a supplier who doesn’t cost as much. It’s great logic until you think about the reasons why. Why are they cheaper than their competitors? Why are they hiding something? Why does it give you an uneasy feeling? The answer tends to be that it’s a sign of incompetency as they can’t match their rivals for quality. So, that means they are out, as are the costliest services. The middle ground is without a doubt is the best place to be because it ticks all the boxes. The cost is neither cheap nor expensive, and the service is dependable. Often, the most affordable option costs more in the long run.

Rent To Buy

In simple terms, a rent to buy scheme is where you pay off the amount until you own the product. You can find out more by clicking the link but just think of it as a car finance deal. Businesses who want to save money can use this service to their advantage. Another way to cut out the middleman is to start operating a similar service. Businesses hate this idea because shipping expenses are high, yet this is where renting to buy comes in handy. By paying a minimum amount monthly, there is no reason to splash out a fortune. Instead, you can use the rent side of things to keep the cost low until the trucks are a business asset. It can cost a little extra in the beginning, but it pays off in the long-term when you can run a decent shipping outfit.

Put Tech To Work

Even if you bring shipping in-house, there is going to be a large cost. Thankfully, technology is on hand to reduce the firm’s expenses. Take tracking packages and parcels as an example. With a tracking service, it is possible to forecast daily workloads or to introduce new items to salespeople. You can also use the info for customer service purposes to appease customers. Simply put, a tracking service allows you to reorganise the entire supply chain for the company’s benefit. Once there are a couple of changes, the productivity levels will begin to increase, as will efficiency. These are the two leading factors in any business because they save the most money.

Shipping is a notable expense for any organisation. But your company can reduce the cost by a significant amount.  

You have made the exciting decision to go into business. This is it, you know that your business is destined for big things. Your business is going to stand out from the crowd! It’s going to be a success and nothing is standing in your way. Actually there is one thing standing in your way, to quote Tom Cruise in Jerry Maguire

“Show me the money!”

Yes, you need some money if you are to get your business off the ground. You have worked out your budget and you just don’t have enough money in your savings. What should you do? Give-up? Never! There are lots of different ways you can raise money for your business. Here are 4 ideas for raising money for your new start up business.

Family And Friends

This is one way of raising money for your startup but it is a way that should be treated with caution. Do you really want to have to ask your family and friends? Can they afford to lend you the money? Are you going to feel under pressure to pay them back the money as soon as possible? Starting up a business is stressful enough as it is and you really don’t want any added pressure. However, if you think that borrowing money from your nearest and dearest won’t strain your relationships, go for it! Just be sure to check that they can afford to lend you the money. Also, make sure that you put the lending agreement into writing. Make sure those terms are clearly laid-out. You need it in writing to protect yourself and the people you are borrowing from –  https://eforms.com/loan-agreement/ has some examples legal agreement templates that you can download for free.

Startup Business Loan

If you don’t want to borrow from friends then a startupbusinessloans.co could be a great option for you. They will talk you through your options and as a result it will feel less daunting. They will also compare fees and discount rates. You will need to make sure that you have a good business plan in place and that you are clear on how much you need to borrow and why.

Crowdfunding

Crowdfunding is becoming increasingly popular as a way of raising money for a new business. It does what it says in the name – crowd funds. You share your idea for your business and then the public are invited to give some money. How much or little is down to them. Most crowdfunding sites use a reward system where people who invest in a new business venture are given some form of reward.

Get A Partner

Getting a business partner could be the way forward. However, you need to do this with caution. It is a popular way of raising money but be wary of signing too much away. Mark Zuckerberg learnt from the mistakes of earlier dot companies, who gave away almost all of their equity to venture capitalists. Mark decided that he wasn’t going to make the same mistake and his 28.1% Facebook stake is now worth a cool $14.9 billion.

When funding your business it is important that you choose a solution that works for you. You have a business to run so find those funds and start enjoying the profit.