08 Mar 2008 12:27:47 | Mark Askew
Many businesses go under simply due to a combination of high
overhead costs, taxes, poor investment strategies and failure to
recoup losses. To ensure your business will survive into the
next decade consider ways to reduce costs and losses while
recovering revenue gains.
Cutting Overhead Costs Among the seemingly necessary perks of
networking is the traditional business dinner. These however can
be quite expensive costing the host as much as $1500 depending
on the restaurant and party dining. Here is where enormous costs
can be cut. Consider reducing the frequency of dining by
combining parties on one or two nights a year. To accomplish
your purpose schedule a day for in-depth business discussions
shortly thereafter. Select restaurants that offer quality
cuisine and excellent service at less cost. Some restaurants
offer a discount depending on the size of the party.
Mailing and Shipping Apply the same principle when giving gifts.
Wholesale bulk purchases can reduce costs considerably. Apply
for membership at a wholesale warehouse. Buy items from
suppliers offering free shipping. Reduce mailing and shipping
costs by opting for a more economical postal/carrier. Ship by
priority mail rather than overnight or non-priority where
possible. Reduce package size and weight to lower costs.
Man Power Opt for less expensive man-power costs by reducing
work time when using temporary employment services. Say good bye
to costly business relationships. Often these relationships come
about by referring a friend of a friend to a friend. These
'friend of friend' business favors can leave you holding the
more expensive bag. Is their presence, product or service
crucial to your business? Will network relations remain intact
without them? Can you reduce costs significantly once these
'friends of friends' are eliminated? If the answer is yes don't
hesitate to end a costly relationship for a more affordable one.
After all, once a business goes under so goes the friend. Your
business is of greater priority. Hang on to it.
Recouping Investment Losses Often the key to recouping
investment losses is to bail out before the ship goes down. If
you see large sums of money going down the drain it's time to
find an alternative investment approach. You may want to divide
your investment money between brokers and corporations and
industries for a time to see which performs best.
RefinanceLoanRates at http://RefinanceLoanrates.fimark.net
reports high gains for the real estate financing industry,
mortgage bond and other finance sectors compared to many equity
market sectors. Real estate holders are using innovative ways to
recover losses due to recent stock investment failures from
shaky corporate share reports. One option is short-term
financing programs that allow the consumer to pocket funds for
immediate alternative investment purposes. Many applicants are
repeat refinancing, having refinanced as early as a year ago.
When choosing alternative investments make certain that the
acquisition of gains will be at an acceleration equivalent or
exceeding the deceleration of investment losses.
If you have suffered investment losses and can prove this
resulted from relying on a firm's advisory and management you
may have a chance of recouping at least a portion of your
losses. To accomplish this you may have to go through
arbitration or other legal process.
Another avenue to recouping losses often not considered is
reducing trading transaction costs. Unlike trading returns which
are uncertain, transaction costs are 'certain' costs. Certain
costs can be controlled. Consider reducing transaction costs
when and wherever possible. Set up and stick to a strict limit
order and stop loss regime. Following these basic cost reduction
and revenue recovery methods can help your business survive for
generations to come.
About Author :
Mark Askew is founder editor and publisher for
http://RefinanceLoanRates.fimark.net A daily financial resource
and commentary journal.