Expense and Vendor Negotiation

Improve Ordering Practices to Reduce Costs

Cost containment is essential for businesses and corporate organizations to yield more revenue and improve their profits significantly. The underlying problem is that business executives must determine where to focus on achieving the desired results. Creating certain good ordering practices can be simple and cost-saving.

Improve Ordering Practices to Reduce Costs2023-03-15T13:47:45-04:00

The Importance of Having Current Vendor Contracts

No matter the nature of the business or firm you operate, you need the services of contractors and vendors to procure consistent products and services for your customers. Most business executives engage vendors for direct overhead expenditures such as providing raw materials, logistics, or packing materials. With vendors come vendor contracts and the confusion between what is fair and market value.

The Importance of Having Current Vendor Contracts2023-03-07T12:17:25-05:00

How Your Vendors May Be Overcharging You (Without You Knowing)

Every business needs the services and support of vendors and contractors to ensure smooth and seamless business operations. Vendors often provide businesses with goods and services they cannot produce or perform themselves.

How Your Vendors May Be Overcharging You (Without You Knowing)2023-01-10T09:01:22-05:00

Vendors Raising Costs: Because They Need to Or Because They Can?

One thing we can all agree on is that prices have risen since the end of the pandemic. Businesses and consumers have had to deal with a gradual and rapid product and service pricing shift.

Vendors Raising Costs: Because They Need to Or Because They Can?2022-12-07T11:05:23-05:00

Managing Food and Costs in Your Restaurant

Restaurant owners have a lot of duties to manage. Cost management comes first on the long list, then delivering exceptional customer service, paying bills, and processing payroll. A restaurant's objective is to give patrons wonderful experiences while making money from them. Any restaurant owner who wants to succeed at this must control food costs and other expenses.

Managing Food and Costs in Your Restaurant2022-08-16T16:34:55-04:00

How to Select and Manage Your Vendor Partners

Managing your business goes beyond providing your customers with quality services and taking note of their feedback. It encompasses dealing with suppliers, contractors, and vendors to ensure everything runs smoothly behind the scenes. Choosing your vendor partners very carefully can significantly affect your business.

How to Select and Manage Your Vendor Partners2022-08-08T17:30:32-04:00

Have You Reviewed Your Banking Fees?

As we attempt to move into a post-COVID world, it is essential to review your business operations to reduce expenses and boost profits. As a business owner, you should also consider costs that you may even deem somewhat determined or non-negotiable. These expenses can include something such as banking fees.

Have You Reviewed Your Banking Fees?2022-02-08T13:55:51-05:00

Business Expenses You Should Cut Down on During A Pandemic

The COVID-19 pandemic has taken an enormous toll not only on our relationships but also on our livelihoods and businesses. Owners of companies who are struggling to stay afloat need to look for ways to continue operations. Measures include cutting down on some costs to increase the business's profit margin. Listed below are a few expenses that we suggest you should reduce during the pandemic.

Business Expenses You Should Cut Down on During A Pandemic2021-01-22T15:30:57-05:00

How to Renegotiate a Commercial Real Estate Lease

You might not know it, but you have the power to renegotiate your lease's maintenance terms when the time comes. Here’s why (and how).

How to Renegotiate a Commercial Real Estate Lease2021-10-21T09:38:50-04:00

22 Ways to Reduce Overhead Costs for Small Businesses

If you are a business owner, you are likely feeling the effects right now of the COVID-19-induced economic downturn and looking for creative ways to reduce overhead costs. Learn more.

22 Ways to Reduce Overhead Costs for Small Businesses2020-08-13T19:13:18-04:00