Tips on How to Manage Your Work Costs

Tips on How to Manage Your Work Costs

Control your business’s outgoing costs to save more.

When you own a business, you have a lot of responsibilities to juggle. Managing clients and making sales, maintaining your website, and make sure that overhead bills are paid. There are constant demands on your attention – and your checkbook.

Saving money as a small business can be tricky. While you need to spend money to keep your business afloat, there may be little to tuck away as savings. To help you trim overhead here and increase efficiency there, here are some money saving tips for your business.

Go Green
Going green saves green! The more energy efficient your space is, the lower utility costs you’re going to have. For example, compact fluorescent bulbs can save you three quarters of your lighting bill every year. Consider where your office space is lacking, and ensure you find green alternatives.

Streamline Meetings
Take a look at how many hours per week you and your employees are spending in meetings? Evaluate the cost and benefits to the company of these meetings. It may be better to cut down on the number of meetings or streamline them so that more time is spent productively.

Bundle Your Insurance Coverages
Some business owners buy multiple policies with different insurers. They have a liability policy with one, a property policy with another. Fortunately, many insurers now offer ‘bundling’ which allows the business owner to purchase one superior policy to reduce premium costs and manage your insurance renewals less time-consuming!

Risk Management in Your Daily Operations
The best defense is a good offense. Take measures to reduce your risk at work. This can include prevention of fire and customer injuries so that a lengthy lawsuit or expensive claim is not an issue.

Whether you’re looking to protect your business or save on insurance (or both!), Lloyd S. Berkett Insurance Agency can help. Visit us today to get started on your cost-effective business insurance policy.

11150 W. Olympic Blvd.
Suite 1100
Los Angeles, CA 90064

(310) 857-5757
(800) BERKETT | 237-5388
Fax: (310) 857-5750

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November 27, 2013

Company History

The Lloyd S. Berkett Insurance Agency, Inc. was founded in 1946 by Lloyd S. Berkett. Regarded as one of Southern California’s most successful, well-respected and innovative independent insurance agencies, ... Read More

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