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How to reduce business expenses

  • Review all costs - suppliers, packaging, postage, software, every penny that goes out of the business ought to be reviewed and checked to ensure that you are:

    • getting value for money

    • getting the best price for the service / offering

    • that it is still needed in your business.

  • Check your pricing:

    • are all costs factored into your pricing - including time costs

    • are these prices correct and up to date

    • are your margins right to cover your fixed costs

If the numbers aren't great - talk to your accountant and get advice and help before it's too late - a fresh set of eyes can often make a massive difference.

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