7 Money Saving tips for Small Business in NZ

Most small business owners are conscious of their cash flow. Whether you are just starting out or have been in business a while, you’ll want to make sure every dollar goes as far as possible. We’ve put in the hard-yards and done some research to find 7 thrifty ways you can start saving some extra dollars for your small business. 

 These are some tips to help you make the most of your business funds whilst still allowing your business to grow. 

1 . Don’t Pay Full Price. 

No matter what type of business you are in, you’ll continually need to spend money for your business, goods ranging from office supplies through to equipment like furniture, coffee machines, laptops or tools. Invest some time searching classified and auction sites and you can often find a real bargain.  

From second-hand equipment that is no longer needed by another business through to new stock and equipment being sold as part of a liquidation, or an oversupply of inventory – savings can be found easily. 


2 . Smart Website Design 

For most small businesses having a web presence is an essential part of doing business, but getting a professionally designed website that’s mobile friendly, updated regularly and optimised for SEO can mean stumping up an investment of thousands dollars upfront. 


3 . Use the Cloud 

Rather than investing in expensive computer hardware, consider cloud computing for your business. The right cloud provider will allow pay-as-you-go services so that you can quickly scale up or down to match demand and only pay for what you use.  

This allows your technology to grow with your business without your having to invest a lot of money upfront. Cloud computing can also mean that you can avoid any single point of failure without having to specifically factor this into your solution; plus you will save on expensive upgrades and maintenance costs. 


4. Embrace online tools  

 In these technologically advanced days, most small businesses rely on some form of software to get the job done. There are now countless apps and programs available to help with all aspects of your business, saving you from wasting time and money.  

As more businesses start to adopt for remote work environments, being able to connect and work on projects in a central online space has become a common focus for many business owners.  

Here are a few online platforms that can make your life easier and are either free or offer a free trial period to get you started.   


Trello– a great tool to help manage team projects  

Canva– is ideal for creating stunning graphics and creative works for your social channels and marketing collateral   

Zoom– the instant way to connect virtually with your team, anywhere in the worldDropbox- for sharing and storing files in a secure cloud-based program   


5.Invest in the inexperienced  

 It’s common for many jobs ads beckoning for staff with years of experience, but this isn’t always the most cost-effective option when hiring new personnel for your small business. That’s why it is worth considering hiring recent graduates who are eager and looking for an opportunity to get their career going.  

Graduates will not have the same salary demands as experienced staff and may require some training to help get them on track. With fresh eyes and recently being trained in new skills, graduates can also bring a whole host of benefits to your business like new ideas and ways to improve current processes that you may have in place.   

6.Outsource to freelancers   

 Often when you start your business, you are the jack-of-all-trades, however as your business grows, you are going to need additional help. This doesn’t necessarily mean employing staff and adding payroll costs to your bottom line: instead consider hiring some outside help! 

In an ideal world, it would be great to have all aspects of your business done in-house, but this isn’t always a feasible option. A way to get around this is by outsourcing with the help of freelance professionals.   

 There are a number of areas you can look to outsource; from virtual assistants who can help you with administration and other day to day tasks, through to bookkeepers to help keep your books in order. Having an extra pair of hands will free up your time to focus on your business, easing the pressure on your bottom line. 

With an increase in popularity for outsourcing, there are many freelance platforms available, which connect small businesses with freelancers who specialise in an array of skills. Whether it’s finding a graphic designer, content marketer or an IT guru, there is an abundance of talent to select from.  

The benefits of hiring freelancers means you don’t have to worry about hiring more permanent staff members, freeing up your business finances from paying things like annual leave, super and other staff related expenses.   

These are a few freelance platforms worth checking out when looking for talent that can enhance your business**:  

  • Upwork- find talent for short and long projects, post ads for the type of talent needed for the job
  • People Per Hour – access the skills of many different freelancers including business professionals like accountants to creatives.
  • Fiverr – connect with a variety f freelancers across different skillsets, ready to hire for your next project.


7. Get your small business insurance sorted  

 No matter what kind of business you run, unexpected incidents and accidents can happen even to the best of us. Taking the time to get your business insurance* sorted is something that should be part of your business plan, helping you stay around for the long haul.  

Taking the time to understand the kind of risks that could potentially cause a claim to your business will help when knowing what type of insurances you may need to protect your business. Every business is different with their own unique risks and factors. 

The impact of a claim could not only send your business bankrupt, but could permanently damage your reputation, causing you to close up business for good. That’s where business insurance provides a financial safeguard and peace of mind.  

At BizCover, we understand how hectic life can get as a small business owner, and that’s why we make getting your insurance sorted simple with no dramas. Jump onto our online platform, enter some details about your business then receive multiple quotes to compare from selected leading New Zealand insurers. 

Get covered in minutes, with your policy documents sent straight to your inbox, no paperwork required. Experience insurance made easy today with BizCover.  


* This information is a general guide only and does not take into account your objectives, financial situation or needs and should not be relied upon for advice.  As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording.  

**Any link or reference to any third-party website, information, goods or service is provided for your convenience only and does not imply endorsement, approval or other arrangement. BizCover Pty Limited takes no responsibility for any information, goods, service, or other arrangement provided by such third parties. 

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