Your small business has to be efficient if it’s going to stay competitive in today’s marketplace. That means you carefully plan every expenditure, cutting corners where you can without sacrificing quality.
Yet, there are some necessary expenses that can be a significant financial burden on your small business. Travel tends to fall into that category.
Fortunately, thanks to technology, many of the reasons for travel from years gone by have virtually disappeared. Web conferencing, video chats, webinars, and other technologies mean that it’s much rarer to have a true need to travel. Overall, that’s been good news for small business.
Yet, there are times when it’s going to need to happen. If you’re not careful, you can spend a lot more than what’s truly necessary.