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Posts Tagged ‘cost reduction’

During the last few months I have been attempting to lower my personal costs. In reality this is something that I should have thought about a few years ago however my finances seemed to be quite healthy back then. It is only when things become a bit tight that one starts searching for ways to save money – or perhaps that is just the way in which I do things!

I sought advice from a good friend of mine; a person that is far more financially educated than myself. He is by no means a cost reduction specialist however he certainly knows a lot more about these things than what I do. He advised me to compare the premiums that I was paying for things such as car insurance, buildings insurance, contents insurance, life assurance and pet insurance by using one of the popular insurance comparison websites.

Just before I continue I would like to make it clear that I am not attempting to sell the readers of this article here; I am merely relaying a personal experience that may also be of benefit to other people. I am actually involved with web promotion and also offering people stammering advice.

Returning now to my attempts to lower my personal expenditure; I took my friends advice and went about comparing the premiums that I was paying with the ones quoted on the comparison websites. The upshot of doing all of these comparisons was that I managed to save over two hundred pounds per month. This was something I duly did; I only wish I had known about this earlier.

I am fairly confident that I am not the only person who is trying to lower their personal overheads; if you are in a similar position then it may well be worth your while trying to do the same thing as what I have done – after all it worked for me.

Are you looking into ways of lowering your business heads? Do you feel that you need to make cutbacks in order to survive this current recession? Now I am not sure, of course, how you have answered these questions however due to the fact that we are in recession I would imagine that a great many of you would have answered both of them with a yes.

I wonder how many business owners, company directors or chairman actually ever take a serious look at their monthly business bank accounts. The amount of monthly costs for the average business really is quite astonishing. From the electricity bills to paying for the web promotion; there are many different types of costs to pay.

In this situation it is prudent to send in the specialists! There are a number of well respected and trusted cost reduction specialists who can help you. Their aim is to enable you to obtain lower business overheads and this is something that they do each and every day of their business lives. They are therefore able to call on a vast amount of experience and are without doubt the best people for the job.

So just how do these cost cutting specialists go about lowering a company’s business costs? Well in reality each particular company is different however they are likely to have many contacts within various organisations such as cleaning services, gardening services and communications.

This is what happens when you work within the same environment for sometime – you build up a type of network.

I am not trying to sell you anything here; I am by no means a cost cutting expert myself; I personally offer a stammering therapy course to help people who have a stammer to achieve fluency. I was however at a conference last week and the members who raving about a particular cost reduction company that had saved them a small fortune by enabling them to gain lower business overheads. It seems that we as the consumer are no longer accepting being ripped off and that the fight back has began. Lower costs mean higher profits and that has to be a good thing.

There is one business sector that is booming, despite the fact that we are in a recession. One area of speciality that is especially booming at the moment is the company’s whose expertise lies in business cost cutting such as obtaining cheaper telephone calls.

Unfortunately I am not one of these cost cutting experts, I am actually a speech coach who offers various forms of stammering treatment. I do however have friends that offer this service and what a service it is. They are able, in a great majority of cases, to save a company a huge amount of money each year without any service standards being compromised.

One such friend made quite an interesting remark to me over the weekend:

“I am often astounded that the amount of enquiries that we receive massively increases during an economic downturn. During the boom times we just seem to tick along; it as if people and businesses do not seem to mind wasting money when everything is rosy.”

This was a great point that my friend was making. In reality we should all be attempting to obtain cheap calls and lower business overheads at all times, not just when the going gets tough.

So which areas could I potentially save money? This is apparently one of the most common questions that my friend, whose name is Ian by the way, is asked. I will let him provide you with the answer:

“Well we will look at your business or personal costs as a whole however generally the areas where cost cuttings can be made are in how much they are being charged for making a landline telephone call or a mobile phone call, in how much they are paying for electricity and gas, in how much they are paying for the cleaner, the gardener, the I.T expert, their web hosting plus many many more areas”.

As you can see there are plenty of cost reductions to be had and there are specialists out there who can help you to obtain them.