To save money in a rising rental market try negotiating a lower rental rate on a longer term lease in the white collar world settling for class b or c office space can cut your rent costs by anywhere from 10 to 50 and sometimes more relative to high end class a space if you have limited space needs consider a usage based coworking plan. New york city is expensive compared to las vegas for example smaller non resort areas are even more affordable your travel policy should reflect the costs your employees will experience as they travel to different states and locales experiment with virtual meetings services such as skype for business and videos while initially . Listen to your people they have great ideas logistics cost reduction by focusing on safety first and foremost shippers and logistics provider must understand safety osha considerations ensure that your warehouse operation is safe be proactive with safety avoid injuries that could cost the company a lot of money stay away from osha fines. 2 cut production costs as a business owner youre always looking for ways to cut material costs and optimize your resources here are a few suggestions try selling leftover cardboard paper and metal instead of sending it to the recycling center also consider ways to use your waste to create another product. 4 ways to cut your transportation costs while gas prices arent at their peak there are still easy ways to trim expenses by andy hough contributor oct 15 2010
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