Reducing Business Costs can be achieved in a variety of ways; In this section, we have illustrated how your business can reduce its utility overheads.
Below is a FREE PDF download which illustrates 41 areas that can immediately help lower your costs, you only have to register, sign in and then download.
There are two additional sections - Telecoms Expense Management and Energy Monitoring. Each of these provide specific information to help you get a fuller understanding of the most effective way to approach cost reduction.
Click here for Telecoms Expense Management
Click here for Energy Monitoring |
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Instant Cost Cutting Strategies |
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From Carriers to Cleaners and Computers to Consumables, these instant cost cutting strategies could add £000's to your bottom line almost immediately, so don't delay register now and start saving.
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Time vs Money - how to get the balance just right |
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 Getting the balance right i.e. time vs money must be based upon a state of mind and a method of applying logic to financial matters. The Current ROI illustrations that we provide are to help businesses understand the correlation between the decision to buy equipment and the impact your staff have on your business.
For example it is generally accepted that each member of staff, regardless of the job function, must contribute to the business.For example; say an employee contributes in the region of £100k to company turnover each year; with a profit margin of 35%, you will make £35,000 GP before you pay salaries and overheads.Typically a member of staff will attract a third of what they generate, for example £35k per annum, by way of a salary.Using the above calculation this would work out to an annual salary of approximately £12,000, depending upon the generosity of the company!
Then, as an employer you have to factor in the cost of Employer’s National Insurance and all the other associated costs relating to each member of staff - desk, chair, heating, lighting and so on. Staff soon begin to look like a luxury!
As an employer you also have to consider the frail human condition. I was once told by an old friend that in the 1950s he employed eight members of staff, only to pay for one person to be off sick, on holiday or away from their desk virtually all the time – the equivalent of paying for eight, but only having seven people doing the work.
Whenever a salesperson tries to sell something by claiming that it can “save you time and money”, the business owner’s first reaction is often one of scepticism. This is because he/she doesn’t want to save time or money; he/she wants to make money and more importantly does not want to waste it. This is based upon his or her experience of being bombarded by hollow promises by companies who can’t or won’t take the time to establish how the business functions before establishing whether saving can be made.
It makes good commercial sense for a company to regularly review all the costs it incurs and that the contracts that are in place are tangible and quantifiable.
Any decision thereafter to incur further potential costs on new hardware or systems can be considered within the same framework of analysis.
This section therefore is the most important as it forms the basis of the site – Profit from Technology.
In other words, if it’s not making you money it must be called furniture.
If you would like us to help you complete the Financial Analysis please contact us on 0800 970 9751 or email us at
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Consultancy 
Get your copy now of "How to Win the Overheads Game". 
