5 Ways to Trim Overhead Expenses

One of the best ways to trim expenses is to look at those recurring monthly business expenses. Here are 5 ares to check:



1- Communications- Prices are constantly dropping for telephone and cell phone plans. Evaluate yours by calling the company and seeing what better rates you can get.

2- Insurance- Once your insurance is up for renewal, make sure you are getting quotes from several companies to get the competitive rates you need. Check to make sure you are not over or under covered. Can you get discounts if you combine policies?

3- Advertising- Try to focus on referrals and public relations exposure instead of costly advertising campaigns. Joining your local chamber is a great way to network and get your name out there for a reasonable cost.

4- Office supplies, printing and postage- This can be one of your most costly areas. Try to digitize as much as possible in order to cut down on paper and other products. Email instead of mailing. Use regular shipping instead of costly overnight shipping.

5- Rent and utilities- Review your space and see if it is possible to downsize. Consider relocation to another area where rent is cheaper. Turn off utilities when not using them. Power down your computer at night. Change your bulbs to energy efficient bulbs.