Businesses Going to the same Extreme to Save on Billing Expenses
Maybe Businesses could learn something from Shoppers about truly reducing expenses and saving money.While we know that every year there are millions of shoppers that run to stores either on Black Friday or jump online on Cyber Monday and some go to the extreme to camp outside store for days … how much are they really saving? We did some research “since we are the cost reduction experts” and we found that more than 154 million consumers shopped in stores and online over the weekend, which was about 3 million more than last year, according to a National Retail Federation survey released Sunday.
But the NRF, which tracks consumer visits and spending data, said those consumers also spent about $10 less on average — about $290 this year compared to nearly $300 in 2015.
NRF officials attributed the difference mostly to heavy discounting brought on by a “promotional environment” in stores. According to the organization, about 36% of shoppers this year said all of their purchases were on sale, compared to 32.5% last year.
It is nothing new that people delight in saving money and reducing cost for expenses. So we wake up early, or stay out late, wait in lines, push through crowds and then we reap the benefits.
In business, we should also reap the benefits of savings. And we have good news! You don’t have to fight the crowds or camp outside waiting for the doors to open. It is much easier to reduce costs within your business. While shopping for personal savings you may want to consider what you may be overpaying within your organization. Ways of overspending include, but are not limited to overcharges in your telecom billing, errors in billing which is very common, duplication of fees, incorrect taxation, 3rd party fees, usage mistakes, utility metering errors, and more.
Your telecom and utility expenses cover a large portion of your operating expenses. Overlooking what you are spending in any of these areas could be costing you every month. Not having the time to research in depth your bills, contracts or agreements is a big issue for most companies. Misappropriated fees, rates and bad contract terms mean more money is taken from your business.
So while we feel that it is always a good idea to find ways to SAVE MONEY – we challenge you to take the same approach to your Business Savings as you may to your Holiday Savings. Before the end of the year take time to investigate these savings and see how much you can save.
We understand if you don’t have the time. That is OK – It’s an easy phone call or email and we will provide a FREE CONSULTATION on how to address these telecom and utility costs. See – you are already saving!
Nationwide: 866-504-4050. We will answer the phone!
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