June 6, 2010

Survival Tip # 1 for Global Crisis: Review the Costs

During the global crisis, you must protect your business against unimportant expenses. It is necessary that you must conduct a review with your expenses such as rent, phones, electricity, motor vehicle expenses, consultancy and professional costs.

The review of your cost will help you evaluate whether you need to relocate to place with lower rent, take control over your telephone expenses as well as find the best deal available. Review your usage patterns and see if there is a better and suitable plan that you may take. You must also review the electricity cost and other relevant materials that may increase the costs in an irrelevant way.

In every transaction, you must always see to it that you are getting the best deal available. Do not simply close the deal when you know you are paying too much for it. You must always be careful with your negotiations. The costs you are paying should always be relevant to your business and make sure you are getting the most out of it.

During this time of global crisis, you should consider every single cent. There should be no single cent spent for irrelevant transactions.

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