Teenager Jordan Cox made headlines a few weeks ago after flying from Sheffield to Essex – via Berlin – to save £8 on the cost of a direct train and make a stand against ‘rip-off’ fares.

His friends already called him The Coupon Kid, after he once used supermarket vouchers to pick up £600 worth of groceries for 4p. He now shares his tips for cutting bills in a regular column for MoneySavingExpert.com.

In this issue are 25 genius, and, importantly, tried and tested ideas that you can use in your own store this year

While most wouldn’t go 10 hours out of their way to save £8, every business in the UK is currently looking at ways to make savings or increase sales to offset rising staff costs. And there are ideas, big and small, everywhere you look.

For the past five years, RN has run its ‘50 ideas to make or save money’ feature, part two of which you can find in this issue. This year’s, though, is the most timely and relevant yet, with the National Living Wage just six weeks away.

For the past few weeks, I’ve been putting retailers I’ve spoken to on the spot and asking them for their most successful money-making or cost-cutting initiative from the past year. Most hesitate, but I haven’t found anyone who hasn’t had one and inspiration can be found in unusual places. London retailer Atul Sodha told me, for example, how he stumbled upon an opportunity to add £40 a day in his first hour trading after dropping a friend off at the train station.

In this issue are 25 genius, and, importantly, tried and tested ideas that you can use in your own store this year. You only need to find one that works for you and it could make a big impact on your profitability.