Quick Tips for Reducing Expenses

Posted by accountingweb on Jun 22 2000 118 printer friendly

Smalloffice.com has put together a collection of tips for the savvy small business owner. From simple suggestions of checking which payment terms provide a lower cost, and considering the benefits that are offered by professional associations, to forming an information partnership for trading slow-moving inventory with a business similar to yours, these tips are sure to provide you with something of interest.

Consider joint advertising ventures with businesses that are compatible but not in competition with yours, or arrange for project-hungry college students to conduct a marketing study on your behalf.

These ideas may just be worth their weight in… income!

Voice of the Editor

What would you do if one of your clients won the lottery? We asked several accountants to weigh in with their advice for the lucky Powerball winner, and the tips we received are useful for anyone who receives a windfall, whether it's a lottery win, an inheritance, a big bonus on the job, or a killing in the stock market.

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