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    <title>Meredith Woodward</title>
    <description>There are two main variables that will determine the profitability of your business: the revenue that is coming in and the expenditures that are going out. Controlling these two variables is essential to have a healthy, operating business.&lt;br/&gt;&lt;br/&gt;For most businesses, the largest expenses include:&lt;br/&gt;&lt;br/&gt;Personnel and benefits&lt;br/&gt;Physical location&lt;br/&gt;Capital equipment&lt;br/&gt;Development costs&lt;br/&gt;Cost of goods sold , including inventory.&lt;br/&gt;Focus on controlling these expenses to make the biggest impact on your bottom line.&lt;br/&gt;&lt;br/&gt;In order to keep your finances on track, you need to know how to reduce business expenses. Keeping expenses low is a crucial part of operating a business. To lower  &lt;a href="https://www.instapaper.com/read/1276728421"&gt;Ways to Reduce Business Expense&lt;/a&gt; , try these five cost cutting strategies for small businesses.&lt;br/&gt;&lt;br/&gt;Below are the 5 ways to reduce business expenses&lt;br/&gt;Simplify staffing costs&lt;br/&gt;To lower your personnel costs, try these strategies.&lt;br/&gt;&lt;br/&gt;Reduce  &lt;a href="http://www.plerb.com/mcgeepeacock"&gt;Ways to Reduce Business Expense&lt;/a&gt;  by rewriting job descriptions based on needed duties&lt;br/&gt;Hire independent contractors or temporary workers when needed&lt;br/&gt;Go to a 4-day work week&lt;br/&gt;Outsource your payroll, benefits and human resource functions&lt;br/&gt;Hire a virtual assistant or answering service&lt;br/&gt;Lower your office building overhead&lt;br/&gt;In order to reduce your office space expenses, consider these alternatives.&lt;br/&gt;&lt;br/&gt;Talk to your landlord about renegotiating your lease. Most landlords would rather have a tenant paying a little less than having an empty storefront or office space.&lt;br/&gt;If you have the space, consider sub-letting your unused space. Just make sure you discuss this with your insurance agent – changes to your property coverage may be needed.&lt;br/&gt;Look at your energy costs. Save money by installing a programmable thermostat and put your lights on a timer. Purchase energy-efficient appliances and have an energy audit done and consider implementing the recommendations.&lt;br/&gt;Turn off equipment when not in use.&lt;br/&gt;Comparison-shop internet and telephone service providers. Or save money by bundling those services.&lt;br/&gt;Save money on equipment&lt;br/&gt;Most businesses need equipment to operate, whether it’s a multi-million dollar manufacturing piece of equipment or a traditional copier, printer and shredder. The cost of new equipment can add up, so consider buying used office furniture or refurbished electronic equipment. Save money by finding devices that have multiple functions in a single piece of equipment.&lt;br/&gt;&lt;br/&gt;Protect your business from theft&lt;br/&gt;Your business may become vulnerable to criminals, including cyber attacks. All it takes is a single compromised password to cripple your business. You’ll need to invest some money in security standards, but modern camera security systems are relatively inexpensive and educating your employees goes a long way toward protecting your online presence.&lt;br/&gt;&lt;br/&gt;Protect your business from other losses&lt;br/&gt;There are many types of business losses that can drastically affect your business, such as:&lt;br/&gt;&lt;br/&gt;Natural disasters&lt;br/&gt;Lawsuits&lt;br/&gt;Unexpected changes that cause your business to come to a standstill.&lt;br/&gt;6. Outsourcing  &lt;a href="https://getpocket.com/redirect?url=https%3A%2F%2Fpprofitmax.com.au%2Fways-to-reduce-business-expenses%2F"&gt;Ways to Reduce Business Expense&lt;/a&gt;  should consider hiring a digital marketing agency&lt;br/&gt;Outsourcing your digital marketing reduces business expenses to a great extent in terms of&lt;br/&gt;Staff&lt;br/&gt;Seo tools&lt;br/&gt;This can be advantageous in </description>
    <link>https://speakerdeck.com/pedersenhardy2</link>
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