It has been said that it is much easier being a business owner or manager in good economic times than in poor ones. A good economy can make up for a lot of bad business decisions. When the economy tightens up, however, the mistakes create more significant problems. Better management is required as times toughen. A difficult economy magnifies errors and managers and owners should become more aware of financial “leaks” in a business”. Here are some places to start.
Is it really necessary to pay for overtime or can an administrative assistant take on some of the duties of a higher paid employee?
Can You Save by Having Employees Work Remotely?
What once was unthinkable is now being embraced by even major corporations. Employees working remotely from home. Employees love the flexibility it provides and businesses can significantly lower their operating costs including rent, utilities and other facility expenses.
Leaving the lights on, copiers running all night and computers using electricity when not in use may not matter much when business is booming. But in a tight economy, you need to pay attention to leaking toilets and old office refrigerators that may be costing hundreds per year.
What suited your business two or three years ago may not be cost effective today. This may be a good time to explore your options when it comes to cellphones and internet access for you business.
Landlords are quickly realizing their space can be expendable with the growing amount of remote workers. This can be a good time to open discussions about your lease with your landlord, particularly if the lease is due for renewal shortly.
You certainly don’t want to put your business at risk by eliminating areas of your business insurance. There are, however, ways to plug leaks. You may consider higher deductibles, for example. You could also contact one of our independent insurance agents for a business insurance review and quote. We can take a look at your coverage and see where it may be excessive or lacking. We can seek quotes from an array of business insurance companies to find new, competitive quotes. This could result in savings without sacrificing coverage.
It’s easy to get started. Call one of our independent insurance agents today. There is no cost to get a quote, nor any obligation to accept it. It may, however, just be the answer to stopping one of those financial leaks in your business.
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search for a local agent with our agent finder map.
Read more about KayLynn's background.
The Definition of What an Heirloom is Just May Be Changing
Can your business use a dose of positive attitude? In tough times, a positive point of view can be a difference maker.
Waiting to purchase life insurance just may limit your options. Here’s how to maximize your choices when buying life insurance.
Today’s Online Driving Schools are Convenient and Affordable…and May Save You Money
Wind Storms Can Bring Serious Damage No Matter Where You Call Home
Talking cars, funny aliens and horses on telephones are just the start of television’s craziest premises for shows. Oh, and there’s the Flying Nun.
Positive Comments and Testimonials Have Real Value
There Was a Life Insurance Version of the Milk Man and Home Doctor Visit
Being Prepared with the Appropriate Info Can Help Make Claims Smoother
There Can Be Both Humor and Horror Found in Real Estate Themed Movies.