Do without landline phone:  VOIP is the way to go if the business is using a lot of domestic or international calls. You can Have even Hosted VOIP/PBX and more importantly many of these services comes at fixed costs irrespective of the number of call made.

Host Applications: Whether it is Accounting application, Tax software or CRM application hosting can reduce IT support and management costs, make application accessible anytime, comes sat fixed monthly prices. Not only is the access trouble free you are left to manage your business in a more focused way.

Managed IT: Outsource you IT management to a third party. Right from server support, network security and remote troubleshooting everything can be outsourced to the MSP so that you have peace of mind as well as fixed IT budgets.

Cut advertisement cost and still achieve more: Social media is the thing to consider if the small and medium business is to reach new markets or build loyal customers. Social networking and social media marketing are very low cost promotional and brand building tools which can be favorably used by Small business.