Many businesses go under simply due to a combination of high overhead costs, taxes, poor investment strategies and failure to recoup losses.
To ensure your business will survive into the next decade consider ways to reduce costs and losses while recovering revenue gains.

Cutting Overhead Costs
Among the seemingly necessary perks of networking is the traditional business dinner. These however can be quite expensive costing the host as much as $1500 depending on the restaurant and party dining. Here is where enormous costs can be cut. Consider reducing the frequency of dining by combining parties on one or two nights a year. To accomplish your purpose schedule a day for in-depth business discussions shortly thereafter. Select restaurants that offer quality cuisine and excellent service at less cost. Some restaurants offer a discount depending on the size of the party.

Mailing and Shipping
Apply the same principle when giving gifts. Wholesale bulk purchases can reduce costs considerably. Apply for membership at a wholesale warehouse. Buy items from suppliers offering free shipping. Reduce mailing and shipping costs by opting for a more economical postal/carrier. Ship by priority mail rather than overnight or non-priority where possible. Reduce package size and weight to lower costs.

Man Power
Opt for less expensive man-power costs by reducing work time when using temporary employment services. Say good bye to costly business relationships. Often these relationships come about by referring a friend of a friend to a friend. These