In this tough economy and sales steadily decreasing across the board, one of the best ways to gain some profit margin is to lower your overhead. It may take looking at many small items such as business cards, brochure printing, office supplies and equipment service plans. Through the use of this blog, I will give what I think is a good cost reduction strategy or tip for these topics. I would like your input on what costs you think you pay too much for, but need on a daily basis.
One thing that you may want to review is your everyday use items and talk to the vendor about an annual contract. One of the best ways is to meet with your vendors or potential vendors and develop a relationship. Discuss their business and your business. It always helps if your vendor knows where you want to go. Annual contracts help you lower the cost of the items, but it helps the vendor to know that they will have your business for the next year.
Don't be afraid of asking your vendors questions or advice. They should be vested in you and your business. Once the contracts are done and signed, keep them involved and resolve any problems that arise. Post a comment if you have any questions. Thanks!
Pete
