Cutting Costs Without Slashing Your Business

Cutting Costs Without Slashing Your Business

In an uncertain economy it is prudent to be particularly cost-conscious. The problem is not all expenses are the same. If you have a waiting area, for example, slashing air conditioning costs can lead to unhappy customers. Reducing business hours may have a similar impact on reducing revenues. There are, however, some ways in which you can cut business expenses without slashing your business.

Consider Work From Home Options

Many companies have discovered the benefits of at least having some staff work from home in recent months. This is even causing some companies to make permanent changes to how they conduct business. Having more employees work from home can reduce the amount of office space required and may even have a positive impact on productivity.

Use of Digital Meetings

Digital meetings have not only become popular with staff and employees, but they are becoming an increasingly popular way to conduct business and make presentations. Even medical and legal professionals have discovered the value of video conferencing. It can save time and travel.

Meet with Your Marketing Partners

Cutting advertising costs can negatively impact the future of your business. Instead, use this time to meet with your media partners to see what else they can do for you to help maintain your current spending levels. Many media companies facing budget cuts, are willing to offer clients more for their money to maintain those budgets. They may even be willing to create value added promotions to help you get more visibility for your budget.

Review Your Budget

Now is an excellent time to go through your budget line by line and item by item. Can you do without that excess travel? Can client dinners and entertainment be trimmed? Do you really need all those promotional items and koozies in your closet?

Consider Partnering with Other Businesses

Even independent businesses can benefit from partnering with each other in uncertain economic times. Consider a co-promotion or customer referral program between businesses.

Review Business Insurance Costs

It is possible that by having your business insurance reviewed by one of our independent professionals, you may be able to save on your premiums while maintaining similar coverage. Our agents will seek out quotes from a variety of partner companies providing you more options. You make the choice!

Taking a closer look at business budgets is a prudent step during troubling economic times. We just need to be careful to not do more harm than good in these decisions. Be cautious in your money-saving decisions, knowing that this too, shall pass.

Leave a Comment





6 Simple Ways to Save on Life Insurance

January 27, 2021

Why You Should Consider Uninsured Motorists Coverage

January 26, 2021

Tree Houses and Homeowners’ Insurance

January 25, 2021

Business Insurance for Start-ups

January 21, 2021

Life Insurance Is Not About You

January 20, 2021

Big Boy Toys and Auto Insurance

January 19, 2021

Six Common Homeowners Insurance Mistakes

January 18, 2021

Five Recent Fads That Came and Went Quickly

January 15, 2021

Four Needs Life Insurance Can Help Fulfill

January 13, 2021

Car Insurance FAQ’s

January 12, 2021

Five Quick & Easy Ways to Save on Homeowners Insurance

January 11, 2021

America’s Most Popular New Year’s Resolutions

January 8, 2021

Business Insurance for Professionals

January 7, 2021

Term Insurance: Big Protection at Affordable Rates

January 6, 2021

Seven Steps to Become a Better Driver Tomorrow

January 5, 2021

Are You Required to Carry Homeowners’ Insurance?

January 4, 2021

You’ve Never Been Where???

January 1, 2021

What is BOP and What Does It Include?

December 31, 2020

Funerals, Life Insurance and Flowers

December 30, 2020

How Some Famous Movie Cars Would Be Insured in Real Life

December 29, 2020

Homeowners’ Insurance and “The Tree”

December 28, 2020

Questions to Ask Your Grandparents this Holiday Season

December 25, 2020

Positioning Yourself as an Expert in Your Business

December 24, 2020

The Difference Between Burial Insurance and Life Insurance

December 23, 2020

Used Car Buying Tips

December 22, 2020

Buying a Home Only Based on Homeowners’ Insurance Rates

December 21, 2020

Five Communities That Always Have the Christmas Spirit

December 18, 2020

How 2020 Will Affect How We Conduct Business for Years to Come

December 17, 2020

Why a Million Dollar Life Insurance Policy May Not Be Enough

December 16, 2020

Reasons Cars Are So Much Better Now Than Fifty Years Ago

December 15, 2020

How Some TV Homes Should be Insured in the Real World

December 14, 2020

7 Childhood Games to Ask Your Parents (or Grandparents) About

December 11, 2020

Five Best Movies for Sales Representatives to Watch

December 10, 2020

Creating a Life Insurance Inventory

December 9, 2020

Your Car: When Was the Last Time You…

December 8, 2020

Facts About Renting You May Find Interesting

December 7, 2020

Is “Positive Thinking” Valuable for Your Business and Employees?

December 3, 2020

What You Need to Know About Today’s Driving Schools

December 1, 2020

Hurricanes, High Winds and Homeowners’ Insurance

November 30, 2020

How to Get Clients to Promote Your Business

November 26, 2020

Five Cents a Week for Life Insurance? Wait…There’s more!

November 25, 2020

The Info You’ll Need to File an Automobile Insurance Claim

November 24, 2020

Buying a Home? See These Five Movies First

November 23, 2020

Six Women Who Made a Big Impact on Modern Music

November 20, 2020

Cutting Costs Without Slashing Your Business

November 19, 2020

The Difference Between Term Life Insurance and Permanent Life Insurance Explained

November 18, 2020

What You Should Know About Your Driving Record

November 17, 2020

Preparing Your Home for a Natural Disaster

November 16, 2020

Why Are Mountains and Beaches so Popular for Vacationers?

November 13, 2020

Steps to Better Secure Your Bricks and Mortar Business

November 12, 2020

A Closer Look at the Life Insurance Waiver of Premium Benefit

November 11, 2020

Why A Police Report is Important in an Auto Insurance Claim

November 10, 2020

Why You Need to Document What Your Own

November 9, 2020

The Allure of the Great Smoky Mountains

November 6, 2020

Business Insurance and Restaurants

November 5, 2020

Can I Buy Life Insurance if I’m Dying?

November 4, 2020

The Growing Problem of Aggressive Driving and Road Rage

November 3, 2020

College Life and Renters’ Insurance

November 2, 2020

Why Coin Collecting Is Still A Terrific and Educational Hobby for Kids

October 30, 2020

Why You Should Have an Annual Business Insurance Review

October 29, 2020

Contact Us

-CONTACT US

OUR LOCATION

Have A Question?

We have an answer. Call us at 1-925-349-5203
MIS LOGO-small-1

Like Us On Facebook!

1070 Concord Ave. Suite 280 Concord, CA 94520

1-925-349-5203
CA License #0K63205

© Copyright 2021 Monumental Insurance Services, LLC  |   All Rights Reserved
Site by ICA Agency Alliance

1070 Concord Ave. Suite 280 Concord, CA 94520
1-925-349-5203
CA License #0K63205

© Copyright 2021 Monumental Insurance Services, LLC  |   All Rights Reserved
Site by ICA Agency Alliance