cutting costs
Published April 21st, 2008
It’s often hard enough to run a successful business, whether you’re a small-to-medium business owner or a large multi-national. Making it even more difficult are the costs involved if you’re a small business looking to either launch a new product or service, or even your company website. Thankfully there are a host of options and resources available for you to take advantage of, and very often they’re either free or extremely cost-effective.
Use Networking Opportunities
As a small business owner, you’ve probably heard of networking, and may even have attended specific networking events. Bringing together like-minded business people of similar... Read more
Tags: Accounting, business costs, cutting costs, danny brown, Finance and Accounting, saving money, tips
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Published March 31st, 2008
With the cost of oil rising to unprecedented levels, businesses are seeing energy costs rise as well. While you may not have a direct link in your business to oil, the high price per barrel cost is impacting your business in some fashion.
As fuel costs increase, so do transportation costs whether by air, sea, or land. Transportation companies often times add on a fuel surcharge or a fuel fee. If you see one of those make sure to ask about it and check your agreement to ensure the added charge is legitimate. If it is legitimate, make sure when... Read more
Tags: advice, cutting costs, energy bill, larry Slusser, saving money, tips
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Published March 20th, 2008
With mounting bills and a nationwide economic downturn, it’s no wonder why more and more businesses are looking for new ways to cut their monthly costs. Well, the good news is there are plenty of small things you can do to keep your cash flow healthy. And, as we all know, all those little cost-cutting ideas can add up to some serious savings!
Consider using a VoIP phone service - If your monthly phone bill is in the hundreds every month, consider slashing it down to a single or double-digit bill. Voice over internet protocol (VoIP) companies like Skype, iConnectHere,... Read more
Tags: Carrie Hinkel, cost cutting, cutting costs, energystar.gov, saving money, Voip
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Published February 11th, 2008
One of the key points that governments worldwide are trying to get over to businesses of all sizes is to become greener. With pressure from consumer groups and health authorities, making sure everyone is as environmentally friendly as possible is big news for the political parties. It’s not just the big corporations either - everything from small one-person businesses to small-to-medium companies are being targeted. So how can you make sure you fall into line?
One of the best ways to do this is to source locally. This works on two levels as well - not only is it a... Read more
Tags: cutting costs, danny brown, going green, Product Sourcing, source, sourcing locally, suppliers
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Published February 4th, 2008
Cut your operating costs. Run your business lean. Bootstrap-spend your way to success. All of these mantras involve minimizing spending and if you follow them all, you won’t make any money. There are times in the life of your business where you are going to have to spend money to make money.
Also, there are some aspects of your business that you just can’t afford to cut out; the cost to your business is too high. The key to success in business is having the wisdom to know when and what to invest in and when and where you can... Read more
Tags: advice, cost cutitng, cutting costs, larry Slusser, money, saving money, tips
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Published January 24th, 2008
To improve the profitability of your online business there are only two options: raise revenues or cut costs. There are many different avenues and objections to raising revenues. The focus of this article will be on how to lower the costs of your business, which will improve the profitability of your online enterprise.
In most businesses, including ones online, the two largest cost factors are cost of labor and cost of materials. Labor costs include wages paid, benefits such as insurance and 401K savings plans, taxes, and any other benefits that are directly tied to you and your employees.
Look... Read more
Tags: boost profits, boosting sales, cost cutitng, cutting costs, E-Commerce and E-Business, larry Slusser
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Published January 3rd, 2008
It’s no secret that the cost of most types of insurance is on the rise–from liability coverage for your business to car or health insurance. You can’t afford to go without coverage because an incident can put you out of business. But you can fight against price hikes back by taking certain steps.
Property and liability coverage
Protect your equipment and other business property as well as insure against claims by third parties for injury on your premises with a business owner’s policy (BOP). Shop around for adequate coverage at the lowest price. Before your policy is up for renewal,... Read more
Tags: Accounting, Barbara Weltman, BarbaraWeltman.com, bills, cutting costs, Finance and Accounting, insurance, saving money
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Published December 28th, 2007
If you are running a business selling products online, you are aware that shipping costs can make a large dent in your bottom line.
In this article, we will look at some ways in which you can trim your shipping costs and make your business a lot more profitable.
* Save A Penny, Save A Pound. Remember that shipping is not all about the carrier, the postage, or even the weight. If you are selling a lot of items, then odds are you are spending a lot of money each year on smaller, unnoticed items such as packaging materials.
Look... Read more
Tags: budget, cutting costs, Leeia Ladipoh, money, saving money, shipping, shipping costs, tips
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Published November 19th, 2007
f you own a small business, you know that all those expenses can slowly creep up on you - until suddenly you feel in over your head. Don’t worry, you’re not alone - plenty of business owners have been in the same situation and have stayed afloat by cutting some of their expenses.
For a small business, there probably isn’t going to be a single big expense that will miraculously result in a windfall of cash. Rather, it’s all those small expenses that add up each month. Every business is different, with various expenses that should be looked at carefully... Read more
Tags: Accounting, Carrie Hinkel, cash flow, cuttiing expenses, cutting costs, Finance and Accounting, money
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Published October 16th, 2007
A lot of attention is being paid today to the amount of energy individual businesses expend. The worldwide focus on global warming means that everyone is more aware of their ecological footprints than ever before. This focus extends to individuals and even to government, and the ramifications of going green can be felt at all levels of business, including small ones.
In fact, going green may help you to increase your bottom line in several different ways. First of all, basic “green” steps will also cut down on overhead expenditures in many ways. New government measures and incentives may also... Read more
Tags: Accounting, advice, cost cutting, cutting costs, Finance, Finance and Accounting, going green, Leeia Ladipoh, saving money
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