Travel can be a huge expense for any small business that does business in different places. If you are a consultant or if you are a self employed professional then traveling will be a huge part of your business. Although it can be mean a lot more business it can be very bad for your cash flow and making sure that you save wherever you can in really important – especially in this day and age. Another important thing to remember is to charge your clients for your travel expenses as its part of your service.
Finding simple ways to save on business travel expenses can make a huge difference. Saving a little on every trip can add up and if you have several employees then it can quickly add up. Here are 3 basic tips to help you get started.
Air travel, although convenient, can be expensive. With all the checks and regulations its not all that quick either these days as getting to and from the airport, checking in and checking out can be very slow. Its well worth looking into alternative means of transport. Driving or taking a rain can be a faster and more economical way of doing it.
Accommodation represents a significant part of travel expenses and its probably the one area you want to try and save. There are quite a few alternatives that is well worth looking into. Guest houses are not only cheaper but offer a lot more comfort and value for money and is great for extended travel to prevent yourself from getting the “hotel blues”.
3. Travel Insurance
Taking out individual travel insurance for each trip can quickly add up. If you travel with valuable as part of your business then its an important consideration. Try and put your travel insurance under the same umbrella as your business insurance – it can save you quite a bit.
For small businesses there are some advantage that’s probably not available to bigger businesses. You can certainly look into business grants and government programs. Some programs allow you to write off your travel expenses and some even allow you to conduct business internationally and write off all the travel expenses. The point is that there are a great many options and exploring them all will help you save. As the economy continues to tighten up we all have to spread our wings and look for business opportunities elsewhere. Travel will continue to take a more prominent role in your business, so take advantage of these opportunities.