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9 WAYS TO IN THE NEWS
A S S O C I AT I O N I N S I D E R
BY CUTTING BUSINESS COSTS Even in the best of times, small businesses, like all businesses, must maintain fiscal
S P O Tpreparedness LIGHT
for potential broad economic downturns. I N D EThat X includes finding expense
categories that can be trimmed, tightening up operational processes, and improving overall business management ef ficiency.
Fortunately, there are many ways you can help
in recruiting, hiring, onboarding, training,
position your business for sustainability through
equipping, officing, liability insuring, developing,
uncertain economic times, by lowering your
and paying employment benefits for another
normal routine operating costs. Use the cost-
employee. So, consider reaching out for help
cutting recommendations below, suggested
from local freelancers and other contractors to do
by American Express and other global small-
short-term projects or part-time regular work for
business financial experts, to help your business
your company.
stay out of the red regardless of external circumstances.
1
OUTSOURCE TASKS THAT COST TOO MUCH TO DO IN-HOUSE.
Outsourcing is an excellent external resource
Increasingly popular outsourced services suitable for small portable restroom rental vendors include payroll, accounting, HR, virtual assistant services, cleaning, mechanical repairs, and transporting, among others.
to capitalize on options for getting work
REDUCE YOUR UTILITY COSTS. 2 Cutting monthly utility costs can cumulatively
done without the monumental investment
reduce operating costs significantly.
for small business owners, that allows you
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8 A ME RIC AN L IQUID WA S T E JU NE 2020
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