Thursday, December 19, 2013

3 Ways to Cut Admin Costs in Your Business

With the economy and global financial markets still struggling to recover after the disastrous global financial collapse back in 2007, you obviously don’t need us to tell you just how important money can be, especially in business. In an ideal world, you’d employ a different person for each job, to make the company or business as efficient and straightforward as it could possibly be. However, whilst that almost certainly, would make the job much easier, and possibly more efficient, employing that many people and throwing cash about just is not possible. In business, the aim of the game is money. People go into business to make as much money as they possibly can, and be as successful as they possibly can. 

Unfortunately, with most businesses, administration costs tend to creep up from time to time. If you wish to cut expensive admin costs, then these human resource solution could be especially useful to you, as we tell you 3 simple ways to cut back on your admin costs.

Never Purchase, Always Rent – Office space and office buildings can be pretty expensive. Even if you’re planning on sticking around for years upon years, you should still be very wary about buying office land. Renting may be more expensive in the short term, but years later, when you’re ready to move on, and perhaps even scale up and expand your business, you’ll be thankful you don’t have to go through the difficulty of trying to sell the building that you purchased, as this can be very stressful, and very time consuming.

Cut Back on Your Travel Costs – Another thing that is steadily increasing in price, is transportation costs. Take fuel for vehicles for instance. Fuels prices now are higher than they ever have been at any other time in history. Even rail fares and plane fares are constantly increasing. Rather than travelling to meetings across town, why not simply use the telephone or the internet, and take part in a conference call. The costs of internet and phone subscriptions are considerably less than it would cost to make unnecessary journeys on a weekly basis.

Hire an In-House Maintenance Person or Company – Technology is great, until it breaks, then it’s a real pain. If you anticipate your technology breaking down regularly, then hiring an in-house maintenance man or company could save you thousands. Companies that work with computers, and let’s face it, there’s a lot of them, often experience problems. Often however, these problems are very simple for a trained professional. Calling out a pro for a very simple job can cost bucket loads, and an in-house specialist or company, could save you a small fortune. 

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