Expenses

Laid Off? 5 Ways to Slash Expenses Till Your Next Employment

Forget the financial perils, the worst part about getting laid off is that it wasn’t even your fault. You were doing your part right and yet, one fine day, you’re unemployed. First off, know that you’re not the only victim of this impromptu injustice. According to the Bureau of Labor Statistics, nearly 19.9 million workers …

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Need to Cut Expenses? Pre-Define Your Agency’s 3 Unique Cost-Cutting Tiers.

See how to be strategic about cost-cutting, before it’s too late. Worried your agency’s revenue might look a little shaky? I strongly recommend you pause now to define your agency’s three unique “cost-cutting tiers.” Why? You’ll be really glad you did if you need to cut expenses later. But it’s important to cut costs in …

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Are You Overpaying Your Business Expenses?

Running a small business is a costly undertaking in terms of time, effort and money. Unfortunately, too many businesses spend too much on their expenses. This eats into your working capital unnecessarily, possibly crimping your flexibility and your ability to take advantage of opportunities as they appear. Let’s look at some expenses for which many …

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The Latest Trends in Employee Expenses Reimbursements

Small Businesses implementing AI to make employee reimbursement decisions achieve 100 percent visibility, contrasting with 2-10 percent for businesses that don’t have this ability. Those are just two of the findings from AppZen’s,  “The State of AI in Business Spend” report. Employee Expense Reimbursement Trends Small Business Trends contacted Anant Kale, CEO of AppZen, to …

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Using Excel to Forecast Sales, Expenses, More

Forecasting sales is useful for many reasons, such as inventory management, investor relations, and setting expense and marketing budgets. But producing accurate forecasts can be confusing. In this post, I’ll explain how to generate forecasts using Microsoft Excel. Gathering Data To start, identify the objective. What is the purpose of your analysis? Then gather data …

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Try These 5 Alternative Cost-Cutting Ideas to Save Money on Business Expenses

When you’re a small business owner, you understand that every dollar counts when building your company. However, many business owners focus on increasing sales rather than lowering expenses. Keeping your expenses as low as possible is just as important as boosting revenue. As a small business owner, I know how difficult it can be to …

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