If You Own a Small Business, These are the 5 Biggest Money-Saving Moves You Can Make This Month

Andrew Mosteller
Former Staff Writer
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You work hard managing daily operations, training employees, and trying to make a profit. Running a small business is a herculean task that can be much more successful if you have the right tools for the job.

Our proven money moves are designed to connect you with services that automate the tasks that are squandering your precious time. Because, as you know, time is money.

Here’s what you need to do to start saving:

1. Cut your credit card processing fees by 40%

Credit card processing fees are too expensive. You do all the hard work and they take 3% of your revenue after every single swipe. How is that fair?

But, did you know there are platforms that charge up to 40% less for credit card processing?

That’s why we love Stax. They’ve figured out a way to cut fees for businesses while still providing timely payments. You pay a flat monthly fee and Stax gives you some of the cheapest processing rates on the market in return.

Sign up here to cut down processing costs with Stax.

2. Get up to $250,000 in financing

Did you know it can take up to 30 hours to apply for a business loan using a traditional lender?

When you need cash fast, a 15-minute application is a much better option.

Lending marketplaces offer time-savings to small business owners. Plus, by connecting you with a network of lenders, you have lots of options and interest rates to choose from (much better than the one-loan-or-bust scenario). 

One lending marketplace small business owners love is Fiona Marketplace. Fiona offers loans up to $250,000 with interest rates as low as 3.99%. 

Fill out an application online to start comparing your options.

3. Slash your phone bill by $1,009

Did you know that most businesses are paying $1,234 on phones per employee annually?1 That’s $1,009 more than you’ll pay per employee if you switch to Nextiva.

Nextiva’s Essential plan comes in at $18.95 per user per month―a surprisingly competitive price.

Their mobile app and desktop platform let your employees ditch the clunky office phones of the past. Not to mention, the service’s online management platform makes it easy to juggle multiple lines—even when your employees are all working from different locations.

Sign up now to get instant phone savings.

4. Stop paying fees for your checking account when you can pay $0

Paying banking fees is obnoxious, and most banks charge a hefty sum. If you’re paying overdraft fees, monthly service fees, wire fees, ATM fees, checkbook fees, or ACH fees, you’re basically throwing money away.

The good news? Modern banks are eliminating fees altogether.

Bluevine is our top pick for small business banking because it offers a checking account without unnecessary fees. It erases all the costs mentioned above and adds unlimited transactions and higher interest rates than its competitors.

Apply today to start saving on business checking with Bluevine.

5. Increase restaurant sales by 30%

Many restaurants are running at a 30% sales deficit. Why? Because they’re not using a modern restaurant point-of-sale (POS) system.

A well-designed restaurant POS system boosts sales by automating crucial tasks: managing orders, automating accounting, cutting down delivery costs, and much more.

Each of these small benefits can create big gains in productivity and significant boosts in overall customer experience—but not every POS system has these features.

That’s why we recommend Toast. The 57,000 restaurants using Toast POS tend to outperform their peers by 10-30%.

Compare Toast’s POS plans online to see if it’s the right fit for your business.


  1. Samsung, “Maximizing Mobile Value.” Accessed May 11, 2022.
Andrew Mosteller
Written by
Andrew Mosteller
Former Business.org staff writer Andrew Mosteller covered small business expansion, management and advertising.
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