Expenses/tips to reduce them I Bach A/B

Is the cost of operations that a company incurs to generate revenue. It is what the business spends in order to carry out its activities.

These expenses must be paid, even if the company has not sold any product or service.

Common expenses include payments to suppliers, employee wages, factory leases, and equipment depreciation.

Administrative Expenses

Selling Expenses

Office rent

Salary of directors. assistant managers

Utilities

Salesmen's salaries

Advertising

Sales commissions

If you can do it yourself, save the cost of hiring someone else.

Negotiate with your suppliers. If you need to hire a service or buy raw materials, make sure you know the current rates and do not hesitate to negotiate a convenient price.

Use technology to your advantage. Social networks will help you promote your business and find many free sites.

Motivation is important to get good results. Doing things right from the start reduces expenses.

Question yourself frequently. Many times an impulse leads us to make expenses that could be avoided. Before spending, ask yourself if it is really necessary.