How to cut costs - XLN Telecom

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TOP TIP
Government help
Small businesses are integral to the stimulation and
eventual recovery of the UK economy. This is a fact
that the government recognises. As such, small
businesses throughout the UK have been offered a
variety of tax concessions and initiatives designed to
help them stay in business, from research and develop
tax credits to grants for young start ups.
The trouble is, there are now so many of these
initiatives that it can be difficult to keep track, so make
sure you do your research. George Osborne's recent
budget saw the creation of a couple more concessions,
including the creation of a £2,000 employment
allowance for small businesses and the reduction of
corporation tax to 20 per cent are just two examples.
So make sure you're clued up on everything you could
be getting.
SME tip – Bartering
Partnership
When it comes to cutting costs, small
business owners can help one
another out by exchanging skills
instead of forking out the cash every
time they need a specific service. It's
an initiative advocated by Christina
Sesay, who runs successful Londonbased
Sesay Bridal Wear and
describes her entire life as a money
saving exercise.
"At the moment I have someone who
helps me with my social media skills
which aren't very good and I help her
as an exchange with sewing skills,"
she says. "So there's a mutual
exchange as opposed to having to pay
somebody to do something."
"Use your network at first. You'll know
a lot of people with a lot of skills."
Jayne Hobin-Wright, Founder, Slim'n'Saucy
XLN Business Services is the small business specialist and one of the fastest growing companies in
the UK. XLN supplies phone lines, calls, broadband, card processing and energy to 130,000 small
businesses. Businesses such as hairdressers, newsagents and restaurants across the UK rely on
XLN to save them money and keep their key services running.
www.xln.co.uk