Selling Expenses (3 of 3): Cutting Travel Costs - John M. Leask II CPA/ABV, CVA

Selling Expense

Part 3 of a 3 part series

Warning Signs:

    • Increased selling expenses.
    • Increased overhead expenses.
    • Significant adverse deviations from budget.

  • Significant increase in a particular line item’s cost.

Steps to Improve: CUTTING TRAVEL COSTS

  • Require and review expense reports.
  • Charge to clients; shop travel costs; go per diem.
  • Use a good commercial agency.
  • Learn supplier cost structure.
  • Take advantage of local seminars to trim travel costs.
  • Use association discounts.
  • Use weekend stay-overs.
  • Use meal per diem.

Back to The Business Doctor

>>Selling Expenses (1 of 3): Cutting Discretionary Selling & Advertising Expenses
>>Selling Expenses (2 of 3): More Efficient Marketing
>>Selling Expenses (3 of 3): Cutting Travel Costs