By cutting costs and increasing profits in 2013, the following described 7 costs can be cut:
1. Health Insurance
If you provide health insurance to your employees make sure to pay attention to new coverage as often as possible. Traditionally if you are willing to change insurance, you can reduce the cost of similar plans.
2. Credit Card Processing Fees
Any business that accepts credit cards must request a reduction in the annual fee or a minimal fee. Speak with a representative from your company credit card company to find out how to get the cheapest rates.
Talk to an expert and ask how to receive the lowest rate. They are usually full of advice about this as a way to get the lowest price (for example, always use code CVG).
3. Mortgage
If you have your own business, and in turn has a work space (eg, office buildings, condominiums, etc.) it is time to pay for it again.
Now is the time to lock in interest rates at super-low levels and save more money today, tomorrow, and for the rest of your mortgage.
4. Eliminate credit card fee installments
Businesses that alert will always check your credit card bill every month. But, at a minimum, all businesses should review their claims for payment due to be discontinued.
5. Go Paperless (minimal paper usage)
Even the smallest of these contribute to the cost of the office, one paper. A large office could require more paper. But why do we need all that paper?
With computer programs and electronic signature capabilities, this would reduce the need for physical paper significantly. Coupled with back-up services like Carbonite mozyPro need to print almost disappeared.
So paperless, not only save the cost of paper, but also ink used for printing.
6. Advertisement
How much money spent on advertising? Would you pay for each per-click advertising? Do you track your advertising expenditures to ensure the investment has been spent?
Recently, we realized that we were paying thousands of dollars per month for the pay-per-click is not certain and significant results in sales.
People use search engines, mostly to modern buyers on the Internet. Unfortunately people are clicking but not buying. As such, we are closing the ad is to keep spending in vain.
But the savings are not limited to advertising campaigns pay-per-click. You should evaluate all advertising expenditures to ensure they are well worth invested.
So advertising expenditures audited regularly, is one step to cut costs that do not benefit you.
7. Find a Service Provider with a low bid
Over time the business using different service providers. Services like this are made dissatisfied with existing service providers, but fail to realize that this could force you reach for the pocket more. You must read this Tips Determining Your Business According to Lifestyle .
Do not let this happen. Almost always there are other service providers who can perform this service for you. So save your list of service providers along with their rates. Get used to the routine, maybe two or three times per year, to look at a better price.
0 comments