When businesses try to cut costs, they sometimes think their only option is to cut budgets. However, there are many expenses that businesses can cut right in their own office. Business consulting expert Ken Gaebler of Gaebler Ventures even said that office expenses can amount up to as much as 5 percent of total revenues for small businesses.
As Reporter Abby Johnson explains in this broadcast, 5 ways to help businesses cut their office expenses include:
1. Operate virtually as much as possible
2. Re-negotiate your lease
3. Share office space with another business
4. Check out economic development zones
5. Find short-term rentals
To see a full explanation of these tips, tune into this broadcast right here on SmallBusinessNewz.com.