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, 3^rd 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!

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The problem is that the bills are usually not very transparent. They can be complex with lots of components that change from month to month. There are new downloads, new data plans, and new pricing plans coming out constantly. Unless you’re doing an analysis every month on your bill, you don’t realize where you’re overpaying.

One of the issues we often discover in our business when reviewing clients’ monthly bills, is that many of them have unused inventory (adding phone lines that aren’t being used) or features that aren’t being properly managed. Many businesses have old pricing plans that need to be re-evaluated. As a business grows and changes, an old plan may no longer be in the business’s best interest. Oftentimes, there are straight-out billing errors that cost the business a lot of money month after month.

How did your business choose the plan it is currently using? Was it the service provider who helped to make that decision? The sales people of the service provider are typically paid commissions based on the pricing plan they put you on and are not necessarily going to tell you about specials or how to downgrade your account. They probably won’t even tell you if you’re paying for more service than you need! The takeaway is that it’s not in the business owners’ best interest to let a service providers’ sales representative mange the account.

The best solution to cut the costs is to allow experts like Limitless Technology review your bills. Your business may be eligible for discounts or just need a new plan to better fit its needs. Are 40% of your calls to one or two numbers? Your carrier may offer free calling to selected numbers. Limitless Technology can check for extra charges that are incurred because of unrequested features added to your lines. Having a telecom audit may be the best thing your business can do this year to save money.

Limitless Technology provides billing optimization services to business owners who want to cut out-of-control expenses. On average, new clients are often paying 10-60% more per month than they should, thanks to billing errors and inappropriate pricing plans. Limitless Technology can provide businesses with cost reduction strategies that save money long term. Have questions? We’re here to help. www.limitlesstechnology.com