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2 effective ways to save operational costs

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  • 2 effective ways to save operational costs

    As business leaders we are all engaged in the never-ending search for ways to eke out a little bit more productivity from the limited resources available to us. How do we maximize our revenue and minimize our expenses? How do we grow our teams while remaining profitable? Let me tell you how other businesses are reaching their targets and, at the same time, saving 75% on total costs.

    1. Hire Virtual Teams
    Many companies thrive in their industries because they outsource non-core jobs offshore. Think about it this way, by hiring people from the Philippines, for example, to do the job that would be unaffordable if you had to pay American salaries for it, you now have the capability to save 50% to 75% on your operational costs.

    Take graphic work, for instance. Hiring someone in the U.S. to create your logos, banners and marketing materials will probably cost you about $45,000 to $55,000/annually, depending on skills. But if you hire a virtual graphic designer from the Philippines, you will most likely only spend about $20,000, which maximizes your budget. This is why many organizations have opted to outsource their customer and technical support, administrative work and accounting, as well as web design, web content development, and SEM/SEO.

    2.Anticipate Big Returns
    Big savings = more funds. Many of our clients who hired virtual teams now have budget to spend on their big-picture goals. They’re now able to spend more on their marketing and advertising efforts, website development, technology acquisitions, and even launch new product lines. They found this capability beneficial because (1) it is an important part of being cost-competitive, and (2) it is the way of the future with proven benefits.

    So think about it—if you’re competition is saving money in ways that you’re not, then over a period time, your business can be at risk.

    Regards,
    Angelo Brian Cartagena

    TeamSpan Global Solutions
    Direct Line: 1.203.659.4778

    Visit us at: www.teamspan.com

  • #2
    Re: 2 effective ways to save operational costs

    You can also save money for your business by using cheap energy-reducing products including: CFL light bulbs, a power strip that stops drawing energy when devices are turned off, timers, and light sensors. Resource-conserving practices that you can do as well is; shutting down computers when not in use, reusing shipping material, and printing double-sided pages. Also purchase second-hand equipment and furnishing to help reduce costs.
    Gary Barzel Manager of Business Development
    FastUpFront: Business Cash Advance and Small Business Loans Company
    Twitter | Facebook

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    • #3
      Originally posted by Mr.brian_C View Post
      1. Hire Virtual Teams
      Many companies thrive in their industries because they outsource non-core jobs offshore. Think about it this way, by hiring people from the Philippines, for example, to do the job that would be unaffordable if you had to pay American salaries for it, you now have the capability to save 50% to 75% on your operational costs.
      Well i agree to his statement, as they outsource their non-core tasks or jobs they can purely focus more on their business core that is why their business are being more successful than others. Of course there are also benefits like you can save money and time.

      Offshore Business Processing BPO Company (Website Here)

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