During a meeting with lots of small business owners recently we discussed what we're all doing to save money.
Within the few minutes allotted for this discussion several dozen things were offered; here are several of them:
1. Renegotiate rates with vendors
2. Moving business meetings to breakfast instead of lunch
3. Carpooling
4. Reduction of workforce
5. Reduction of drive time (shop locally more)
6. Reduction of phone expenses
a. Less paper and more emails
b. Locking out facebook and twitter
c. Consolidating telecom
Luxury is out, and business owners are becoming street-tough again...
…because spending less money somewhere = spending more time to accomplish that task.
The new American expense is Time.
So is going out to lunch now costing you one hour too long?
However it is you choose to spend your time though, remember to consider whether you’ve budgeted for that Time or not.
Read About Joshua A. Stevens
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