--- title: 5 things SMEs are doing wrong in saving costs description: "The biggest hurdle in making a company from an eager start-up to a steady brand is Savings.\nWe have listed 5 things tare doing wrong and it can be changed" image: https://blog.savincom.co.uk/hubfs/savings.jpg --- [![Savincom](https://blog.savincom.co.uk/hubfs/Savincom_September2019%20Theme/images/logo-1.png)](https://www.savincom.co.uk/) [0203 544 7777](tel:0203%20544%207777) [Support Portal](https://support.savincom.co.uk) [Billing Portal](https://webportal.akjl.co.uk/Savincom/login.aspx?template=Savincom) [![Savincom](https://blog.savincom.co.uk/hubfs/Savincom_September2019%20Theme/images/logo-1.png)](https://www.savincom.co.uk/) [Support Portal](https://support.savincom.co.uk) [Billing Portal](https://webportal.akjl.co.uk/Savincom/login.aspx?template=Savincom) - [About Us](https://www.savincom.co.uk/about-us/) - [Business Mobiles](https://www.savincom.co.uk/business-mobiles/) - [VoIP Phone System](https://www.savincom.co.uk/voip-phone-system/) - [MDM & Mobile Security](https://www.savincom.co.uk/mdm-mobile-security/) - [Connectivity](https://www.savincom.co.uk/connectivity/) - [Call Recording](https://www.savincom.co.uk/call-recording/) - [Cloud](https://www.savincom.co.uk/cloud/) - [IOT](https://www.savincom.co.uk/iot/) - [Device Insurance](https://www.savincom.co.uk/device-insurance/) - [IT Managed Services](https://www.savincom.co.uk/it-managed-services/) - [Cyber Security](https://www.savincom.co.uk/cyber-security/) - [International SIMs](https://savincom.savincom.co.uk/savincom-international-sim-cards) - [Equipment Leasing](https://www.savincom.co.uk/equipment-leasing/) - [Our Partners](https://www.savincom.co.uk/our-partners/) - [Careers](https://www.savincom.co.uk/careers/) - [Recognition](https://www.savincom.co.uk/recognition/) - [Platinum Club](https://www.savincom.co.uk/platinum-club/) - [Contact Us](https://www.savincom.co.uk/contact-us/) - [Case Studies](https://www.savincom.co.uk/case-studies/) - [News](https://www.savincom.co.uk/news/) - [Blogs](https://blog.savincom.co.uk/) - [Meet The Team](https://www.savincom.co.uk/meet-the-team/) # 5 things SMEs are doing wrong in saving costs ![savings](https://blog.savincom.co.uk/hs-fs/hubfs/savings.jpg?width=543&name=savings.jpg) The biggest hurdle in making a company from an eager start-up to a rock-steady brand is Savings. We have listed 5 things that SMEs are wasting their money on — and what they can do to change that. ## 1. Buying office space before it’s needed Ambition is great for any business. Having a clear vision of where you want to move to and how you want to grow often gives you the resolve to push through the trials and achieve that aim. Too much ambition, though, can become a problem. For SMEs, that comes in the form of premature scaling: buying space in anticipation of growth that isn’t guaranteed. ## 2. Making wrong hires A wrong hire is one of the costliest mistakes you can make, especially in the early days of your business. Rushing to recruit the wrong person might mean they take longer to come up to speed or they leave quite quickly, so you have to start the whole process again. **Here’s how to cut down hiring costs for your business:** - If there's expert work to be done in the short term — like setting up a website — outsource it to a third-party vendor. - Hire part-time staff for a role that isn’t big enough to justify taking someone on full-time for. - When hiring full-time staff, strike a balance between excellence and efficiency. - Incentivise referrals from staff with a finder’s fee. Not only is it cheaper, but your team will put forward people they know are good from experience because it reflects well on them. Use recruiters as a last resort. ## 3. Branding Advertising and branding agencies often try to sell you a dream, especially if you’re new to running a company. Do not try to focus on branding and advertising too early. It will only mean a waste of vital resources. Brand image is important, but don’t let yourself be blinded by big names and promises for long-term success. For SMEs, the bottom line at the end of the month (not the year!) is what you should be looking at and tightly controlling. Instead of branding, focus on making the quality of your work — whether that’s a service or a product — as good as possible first. Recommendations from happy customers are far more likely to grow your business. ## 4. Wrong advertising Advertising and digital marketing are both very critical if you want to create a brand that people flock to, but it can be a mistake for businesses to jump in too early. Not only can advertising be really expensive, but it’s also unlikely to drive concrete returns if you do it wrong. Many business owners adopt a 'set up and leave it' approach, which can cost them dearly if they are not monitoring the search terms and aren't checking ROI on ad groups and keywords. However, advertising can be powerful in the right hands. ## Stop wasting, start saving! The spending habits of a company often come to define whether it’s one that sinks or swims. Those that take on the advice of business leaders that have experienced bad spending first-hand, set themselves up to succeed by getting in control of their finances and supporting their future. **Paying more for Mobile and Landline individually** It can be far more cost and time efficient to keep your broadband, mobile and telecoms billing together. In choosing a company with a wide product portfolio and ability to offer integrated solutions, small business can benefit from multiple discounts in one place, including cost savings on mobile, broadband and calling charges. As this service is cloud-based, there’s very little, if any up-front capital investment. Less hardware means lower maintenance cost. Through such services you can save more through FREE calls between your staff, whether they’re in office on site, working remotely or on road and FREE calls between your sites if you have more than one office. Working with an intermediary telecommunications company like [**Savincom**](http://www.savincom.co.uk)is your answer to this. To know more please visit our website on www.savincom.co.uk. 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They have reduced our monthly outgoings for our mobiles by a 1/5 of which we are very happy about. Maintenance Manager, Luxury Hotel Group Since moving to Savincom, we have received excellent and responsive customer service, the small number of issues we have experienced have been resolved in an efficient and expert manner. We have significantly reduced our running costs, with the proactive account management, currently running a reduction of c.40% on costs, the cost reduction has been most prevalent around roaming and international calling. The transfer from Vodafone Direct to Savincom Vodafone was smooth and seamless, with onsite support offered during the days of the transfer. If I was to score them out of 10, it would be 10 as the have excelled as a service partner. Office Manager, Leading Global Commodity Merchant We have worked with Savin Communications for four years now and we are delighted with the work carried out so far.  We have 300+ connections, so service needs to be of the highest quality, which is what we get with Savin Communications. We have a rapid staff turnover and Savin assist us when utilising connections. We used to be on a plan where we were constantly going over minutes and data allowances. Savin Communications has helped us source a much better quality plan and they understand the high standards that our organisation have and are most efficient in delivering well within time limits…. The account manager is always easy to contact and help is really appreciated, meetings with him are regular. The assistance and support we receive is always responsive, proactive and excellent at all times. The advice given is easy to understand along with their online portal which is easy to use too, communicated in a friendly accessible manner. I would highly recommend Savin Communications. ICT Manager, National Charity Having paid overly expensive mobile phone bills for several years, we switched to Savincom who assured us of substantial savings, especially for our mobile phone usage abroad. They were not wrong! Our bills have practically halved since the switch and furthermore Savincom provide a great support service, with any queries or problems being acknowledged and dealt with swiftly and professionally. Finance Manager, Global Shipping Company I can confirm that we switched over our account from a direct one held with one of the Networks, to one under Savincom’s control and have been more than happy with the service thus far. As a Canadian Investment Bank with frequent overseas travellers, I found doing business direct with the Network over the past few years and my numerous dedicated account managers very frustrating indeed. Wrong price plans, outdated tariffs, changes of Account Managers, limited cover on the weekend support desk, and bolt -on’s not being applied to our overseas travellers etc. We are seeing benefits in not having to deal with the Network directly. I would be happy to recommend them in terms of the mobile contract that they proposed and especially their customer service. Operations Manager, Investment Bank Since using Savincom our bills have noticeably decreased and every possible bundle is being added and removed when necessary. The service levels are a world away from what we experienced previously; I get a response back from their support team in at least 5 minutes, and everyone is extremely helpful. The account management is makes a big difference as well. Everything is straightforward and I can request information on our account and be sent a detailed report. I would highly recommend Savincom. Office Manager, Investment Company I have used Savin for the last 4 years and their customer service, support, timescale to response and resolve any queries etc. has been first class! I am the IT Manager for a large construction based Group and as you can appreciate we have a large number of guys based on construction sites who break their phone frequently (and lose them!) so I require a swift service to replace phones and sims, bar phone lines and order new lines (either phone or 4G dongles) ASAP, all of which Savin deliver! So I would recommend Savin without hesitating! IT Manager, Construction Group The highlight for me is being able to shoot an email to Savincom support and almost immediately getting an engaging response, they want to solve my problems rather than assign blame to someone. Overall we are very pleased to be working with a great team. IT Manager, Private Equity Savincom are my righthand. I just phone and everything gets dealt with – no more long maddening calls to mobile providers. Thank you Savincom. You guys rock! Andrea Sequeira Not only have our monthly bills been cut by more than half, savincom saved hours of my time spent on the phone to network direct customer support lines. Sujin Bailey Having had our mobile phone contracts managed by savincom has saved the company considerable time and administrative effort. Nicole Passey STAY CONNECTED Receive the latest updates and offers from savincom. 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