Hunt for Australian dollar savings

With the Australian dollar shooting towards 29-year highs, it’s time for entrepreneurs to renew their efforts to unlock savings using the currency.

The savings could be everywhere – equipment, raw materials, software and technology that can be ordered from overseas are probably the really big ticket items.

But there could be plenty of smaller savings – if you know where to look.

So get your team together and have an Australian dollar brainstorm.

• Get the IT team to think about what they could order from overseas.

• Ask the purchasing department to look at supply contracts. If cheaper suppliers can’t be found, at least put some pressure on suppliers you know buy from overseas to give you a better deal.

• Ask your office manager to look at stationery savings. A year’s supply of pens may well be cheaper from the US.

• If you’ve been planning some staff training, buy the materials from overseas.

• If you’ve been hoping to upgrade some of your promotion materials, why not ask a US supplier for a quote.

I bet plenty of your staff are shopping overseas already and will have some great ideas.

Get it done – today!