30 Great Ideas for Doomsday (or Any Day) Budgeting
by Barbara Weltman on August 14th, 2009
If your business is on the edge of disaster and you need to count every penny in order to survive (or you just want to run leaner and meaner so you can optimize profits), here are 30 ways to slash your expenses, conserve your cash, and weather this economic tsunami. Payroll costs 1. Eliminate all raises and bonuses. While staff may have come to expect these annual payments, they prefer to have job security, something that can only be assured if you stay in business. 2. Eliminate 401(k) and other retirement plan contributions. 3. Reduce medical coverage. Shift more of... Read more »