• About Us
  • Write For Us
  • Terms & Privacy
  • Contact

Business Steps

  • Home
  • Business
    • All
    • Administration
    • Entrepreneurship
    • Marketing
    • Online Business
    • Startup
    • Technology
    Digital Marketing Trends for 2021

    Digital Marketing Trends for 2021

    Give Your Career Growth The Right Push With These Workstation Habits

    Give Your Career Growth The Right Push With These Workstation Habits

    Identity Verification and Identity Document Authentication

    Identity Verification and Identity Document Authentication

    communication in business

    Is Communication A Key Element In Attracting More Clients?

    Top Benefits of Handyman Business Cards In The Growth Of Your Business

    Top Benefits of Handyman Business Cards In The Growth Of Your Business

    Businessman or student working from home while being isolated or keep quarantine of coronavirus covid-19

    Corona Response and Mobile Archiving: Best Practices for Working from Home (Infographic)

    Cardboard boxes. The concept of packing goods, sending orders to customers. Warehouse of finished products and equipment. Moving to another house. Delivery management.

    Choosing The Right Packing Box For Your Need: 101 Guide

    How a Loan Aided a Freelancer in Becoming a Thriving Entrepreneur?

    How a Loan Aided a Freelancer in Becoming a Thriving Entrepreneur?

    How startups can realign in the post-pandemic era

    A Different World- How Startups can Realign in the Post-Pandemic Era

  • Management
    • All
    • Career
    • Crisis
    • Human Resources
    • Leadership
    • Managing a business
    • Mentoring
    • Personal development
    • Time management
    Give Your Career Growth The Right Push With These Workstation Habits

    Give Your Career Growth The Right Push With These Workstation Habits

    Top 5 Reasons To Actively Listen To Your Customers

    Top 5 Reasons To Actively Listen To Your Customers

    Top Benefits of Handyman Business Cards In The Growth Of Your Business

    Top Benefits of Handyman Business Cards In The Growth Of Your Business

    How a Loan Aided a Freelancer in Becoming a Thriving Entrepreneur?

    How a Loan Aided a Freelancer in Becoming a Thriving Entrepreneur?

    Tips for Effectively Managing Production of Your Work From Home Team

    Tips for Effectively Managing Production of Your Work From Home Team

    Businessman jumping to get best rating and evaluation. Business concept vector illustration.

    How To Use HR to Increase Customer Satisfaction and Maximise Sales

    Pets in The Office: Woof Effect for More Productivity?

    Pets in The Office: Woof Effect for More Productivity?

    Businessman in his office with magnifying glass

    Best Employee Monitoring Software to Keep an Eye on Office Staff

    Computer and checklist vector illustration, flat cartoon pc monitor with long paper document and to do list with checkboxes, concept of survey, online quiz, completed things or done test, feedback

    How To Write Killer Online Listings So Customers Can’t Say No

  • Software
    • All
    • Accounting
    • Billing
    • Customer Relationship Management (CRM)
    • ERP
    • Help-Desk
    • Invoicing
    • Project management
    • Quotation & Proposals
    Businessman or student working from home while being isolated or keep quarantine of coronavirus covid-19

    Corona Response and Mobile Archiving: Best Practices for Working from Home (Infographic)

    IT technician sitting by workplace in front of computer screen, analyzing data or creating new code or language

    Why Is C# Less Popular Than Java?

    Website Speed Optimization Tips for 2020

    Website Speed Optimization Tips for 2020

    11 Ways Software Can Help You Raise Money for Your Salon

    11 Ways Software Can Help You Raise Money for Your Salon

    Businessman in his office with magnifying glass

    Best Employee Monitoring Software to Keep an Eye on Office Staff

    Server room visualisation using nodes and tree graphs.

    Why Document Management Software?

    Software development and programming.Programmer coding binary computer isometric flat vector

    Which Business Software to Select For Your Business

    Business man hand holding tablet and writing notebook in coffee shop.

    The Significance of Using Business Software To Get More Benefits

    Business tools for productivity

    Role of Business Tools in Increasing Productivity

  • Finance
    • All
    • Funding
    • Spending
    5 Effective Ways to Preserve Your Revenue by Reducing Your Business Travel Expenses

    5 Effective Ways to Preserve Your Revenue by Reducing Your Business Travel Expenses

    Coronavirus covid-19 pandemic pharmacy profit on medical masks. High prices for medicine. Woman holding dollars cash. Speculation

    COVID-19 Financial Resource Guide

    Hand chooses a emoticon icons healthcare medical symbol on wooden block , Healthcare and medical Insurance concept

    7 Easy tips for Affordable Health Insurance Plan

    dataphone tax report with bills and clock vector illustration

    How to Take Advantage of Tax Day for Your Small Business 

    Understanding Payday Loans with Their Benefits

    Understanding Payday Loans with Their Benefits

    Young businessman throughs around dollars and dances on the street

    Achieving Financial Freedom Through 10 Amazing Tips – How Cool is That!

    Teenager winning money in internet vector cartoon flat illustration. Young boy happy receiving dollars money bag from internet online casino lucky win fortune or giving money to rogue thief hand

    Earn Money Online with Affiliate Product Promotion – A Basic Guide

    Woman hand with credit card for payment

    Why Payment Processing Costs So Much (and How to Make It Cost Less)

    Coins, banking, finance

    Banking Your Customers

  • How To
No Result
View All Result
  • Home
  • Business
    • All
    • Administration
    • Entrepreneurship
    • Marketing
    • Online Business
    • Startup
    • Technology
    Digital Marketing Trends for 2021

    Digital Marketing Trends for 2021

    Give Your Career Growth The Right Push With These Workstation Habits

    Give Your Career Growth The Right Push With These Workstation Habits

    Identity Verification and Identity Document Authentication

    Identity Verification and Identity Document Authentication

    communication in business

    Is Communication A Key Element In Attracting More Clients?

    Top Benefits of Handyman Business Cards In The Growth Of Your Business

    Top Benefits of Handyman Business Cards In The Growth Of Your Business

    Businessman or student working from home while being isolated or keep quarantine of coronavirus covid-19

    Corona Response and Mobile Archiving: Best Practices for Working from Home (Infographic)

    Cardboard boxes. The concept of packing goods, sending orders to customers. Warehouse of finished products and equipment. Moving to another house. Delivery management.

    Choosing The Right Packing Box For Your Need: 101 Guide

    How a Loan Aided a Freelancer in Becoming a Thriving Entrepreneur?

    How a Loan Aided a Freelancer in Becoming a Thriving Entrepreneur?

    How startups can realign in the post-pandemic era

    A Different World- How Startups can Realign in the Post-Pandemic Era

  • Management
    • All
    • Career
    • Crisis
    • Human Resources
    • Leadership
    • Managing a business
    • Mentoring
    • Personal development
    • Time management
    Give Your Career Growth The Right Push With These Workstation Habits

    Give Your Career Growth The Right Push With These Workstation Habits

    Top 5 Reasons To Actively Listen To Your Customers

    Top 5 Reasons To Actively Listen To Your Customers

    Top Benefits of Handyman Business Cards In The Growth Of Your Business

    Top Benefits of Handyman Business Cards In The Growth Of Your Business

    How a Loan Aided a Freelancer in Becoming a Thriving Entrepreneur?

    How a Loan Aided a Freelancer in Becoming a Thriving Entrepreneur?

    Tips for Effectively Managing Production of Your Work From Home Team

    Tips for Effectively Managing Production of Your Work From Home Team

    Businessman jumping to get best rating and evaluation. Business concept vector illustration.

    How To Use HR to Increase Customer Satisfaction and Maximise Sales

    Pets in The Office: Woof Effect for More Productivity?

    Pets in The Office: Woof Effect for More Productivity?

    Businessman in his office with magnifying glass

    Best Employee Monitoring Software to Keep an Eye on Office Staff

    Computer and checklist vector illustration, flat cartoon pc monitor with long paper document and to do list with checkboxes, concept of survey, online quiz, completed things or done test, feedback

    How To Write Killer Online Listings So Customers Can’t Say No

  • Software
    • All
    • Accounting
    • Billing
    • Customer Relationship Management (CRM)
    • ERP
    • Help-Desk
    • Invoicing
    • Project management
    • Quotation & Proposals
    Businessman or student working from home while being isolated or keep quarantine of coronavirus covid-19

    Corona Response and Mobile Archiving: Best Practices for Working from Home (Infographic)

    IT technician sitting by workplace in front of computer screen, analyzing data or creating new code or language

    Why Is C# Less Popular Than Java?

    Website Speed Optimization Tips for 2020

    Website Speed Optimization Tips for 2020

    11 Ways Software Can Help You Raise Money for Your Salon

    11 Ways Software Can Help You Raise Money for Your Salon

    Businessman in his office with magnifying glass

    Best Employee Monitoring Software to Keep an Eye on Office Staff

    Server room visualisation using nodes and tree graphs.

    Why Document Management Software?

    Software development and programming.Programmer coding binary computer isometric flat vector

    Which Business Software to Select For Your Business

    Business man hand holding tablet and writing notebook in coffee shop.

    The Significance of Using Business Software To Get More Benefits

    Business tools for productivity

    Role of Business Tools in Increasing Productivity

  • Finance
    • All
    • Funding
    • Spending
    5 Effective Ways to Preserve Your Revenue by Reducing Your Business Travel Expenses

    5 Effective Ways to Preserve Your Revenue by Reducing Your Business Travel Expenses

    Coronavirus covid-19 pandemic pharmacy profit on medical masks. High prices for medicine. Woman holding dollars cash. Speculation

    COVID-19 Financial Resource Guide

    Hand chooses a emoticon icons healthcare medical symbol on wooden block , Healthcare and medical Insurance concept

    7 Easy tips for Affordable Health Insurance Plan

    dataphone tax report with bills and clock vector illustration

    How to Take Advantage of Tax Day for Your Small Business 

    Understanding Payday Loans with Their Benefits

    Understanding Payday Loans with Their Benefits

    Young businessman throughs around dollars and dances on the street

    Achieving Financial Freedom Through 10 Amazing Tips – How Cool is That!

    Teenager winning money in internet vector cartoon flat illustration. Young boy happy receiving dollars money bag from internet online casino lucky win fortune or giving money to rogue thief hand

    Earn Money Online with Affiliate Product Promotion – A Basic Guide

    Woman hand with credit card for payment

    Why Payment Processing Costs So Much (and How to Make It Cost Less)

    Coins, banking, finance

    Banking Your Customers

  • How To
No Result
View All Result

Business Steps

Home Business

5 Effective Ways to Preserve Your Revenue by Reducing Your Business Travel Expenses

It seems that businesses have had to postpone all of their travel ventures indefinitely.

June 30, 2020
in Business, Finance
0
Share on FacebookShare on Twitter

Considering the latest global circumstances and the ongoing pandemic, it seems that businesses have had to postpone all of their travel ventures indefinitely. This has allowed many brands and business leaders to realize just how much they can save up by cutting down on their travel expenses, or in this case, eliminating them entirely. However, we all hope that in a few months, businesses will be able to resume their activities at least to a certain degree, and that meeting clients, vendors, partners, and investors in person will once again be on the table.

This is the perfect moment for you to prepare for those future travel plans. Here, we’ll break down a few key expense-cutting tips for your business trips that will help you preserve your budget and grow your business as a whole.

Ensure employee productivity on the go

Chances are that your employees will head to a conference, seminar, workshop, or client meetings smack in the middle of a workweek. While that makes perfect sense, you also need to factor in that your traveling employees aren’t exactly on vacation.

The best way to handle this issue is to help your employees to maintain their productivity during business trips and to delegate portions of their work to others at the office so that the work gets done. Make sure to strike the right balance and allocate the appropriate number of work hours for your traveling team, because you don’t want them to experience burnout or provide subpar work results.

Look for low-cost opportunities

Although you want your employees to travel in style, you don’t want to exceed your annual travel budget because of a single airplane ticket. Luckily, since the competition in the travel industry is fierce, there’s always a more affordable travel opportunity, whether it’s a low-cost flight with an extra layover (worth the price), or cheaper accommodation with great access to your event.

Plus, booking well in advance gives you more options and allows you to pay lower prices for events later in the year. The early-bird approach is a vital asset for any business with regular business travelers on staff.

Spend smart to save more

Travel budgets aren’t limited to accommodation and plane tickets. They also need to include the spending allowance your employees will use on the go. For that, they need a trusted credit card, which will in turn reward your business for your spending.

Frequent business travelers can, for instance, benefit from choosing a credit card with free luggage, as it allows you to save up on checked bags, or even earn an actual, snazzy bag for your future trips. The type of credit card perks you choose, be it accumulated miles or spending discounts for specific brands will depend on the needs of your business.

Insurance policies to protect your plans

Health insurance is certainly one of the most vital investments you need to make as a business owner, to protect yourself and your employees throughout the year. As for your travel needs, you should consider investing in a travel insurance policy to cover your entire business. Why? Because it’s a small investment to make compared to the potential losses you can suffer in case of flight or accommodation cancelations, delays, and postponed events.

Not to mention lost luggage or stolen bags with your most vital business equipment such as your laptop or phone. Then there are the potential medical expenses in case of an emergency. Factor in your travel insurance policy into your travel budget, and you’ll be able to save so much more down the road.

Consider virtual meetings

No travel at all can be a great policy for smaller businesses looking to recuperate from the negative impact of this health crisis. Your presence at international conferences and global events will have its own consequences, but you can pick and choose which events you will benefit from the most, and which ones you can skip.

That way, you’ll be able to retain your reputation in your industry while at the same time switching to a more budget-friendly model: one where you can replace face-to-face meetings with virtual ones via various software tools such as Zoom or Skype.

Use the upcoming weeks and perhaps months to refine your approach to corporate travel. As a result, you’ll be able to go back to your travel plans prepared to spend less and preserve your budget for restoring your business and recover from the impact of the pandemic. After all, investing in travel makes for a great opportunity for your business, but only when you know how to manage your budget properly and protect your revenue from needless spending.

About the author: Mike Johnston is an avid blogging enthusiast and experienced freelance writer with a focus on business, technology, entrepreneurship, and real estate.

Previous Post

Can Compliance Harm Business

Next Post

Website Speed Optimization Tips for 2020

Related Posts

Digital Marketing Trends for 2021

Digital Marketing Trends for 2021

February 11, 2021
Give Your Career Growth The Right Push With These Workstation Habits

Give Your Career Growth The Right Push With These Workstation Habits

February 1, 2021
Identity Verification and Identity Document Authentication

Identity Verification and Identity Document Authentication

January 28, 2021
communication in business

Is Communication A Key Element In Attracting More Clients?

August 31, 2020
Top Benefits of Handyman Business Cards In The Growth Of Your Business

Top Benefits of Handyman Business Cards In The Growth Of Your Business

August 17, 2020
Businessman or student working from home while being isolated or keep quarantine of coronavirus covid-19

Corona Response and Mobile Archiving: Best Practices for Working from Home (Infographic)

August 14, 2020
Next Post
Website Speed Optimization Tips for 2020

Website Speed Optimization Tips for 2020

How to Find Ideas to Write About for Your Business Blog

How to Find Ideas to Write About for Your Business Blog

Tips for Effectively Managing Production of Your Work From Home Team

Tips for Effectively Managing Production of Your Work From Home Team

Male lawyer or Counselor working in courtroom have meeting with client are consultation with contract papers of real estate, Law and Legal services concept.

Business Lawsuits That Every Entrepreneur Should Be Vigilant About

Business Steps

We bring you the most interesting articles about business, software, management and running the company.

Non-executive director vs executive director

Follow Us

Browse by Category

  • Accounting
  • Administration
  • Billing
  • Business
  • Career
  • Crisis
  • Customer Relationship Management (CRM)
  • Entrepreneurship
  • ERP
  • Finance
  • Funding
  • Help-Desk
  • How To
  • Human Resources
  • Invoicing
  • Leadership
  • Management
  • Managing a business
  • Marketing
  • Mentoring
  • Online Business
  • Personal development
  • Project management
  • Quotation & Proposals
  • Software
  • Spending
  • Startup
  • Technology
  • Time management

Recent News

Digital Marketing Trends for 2021

Digital Marketing Trends for 2021

February 11, 2021
Give Your Career Growth The Right Push With These Workstation Habits

Give Your Career Growth The Right Push With These Workstation Habits

February 1, 2021
  • About Us
  • Write For Us
  • Terms & Privacy
  • Contact

© 2016-2018 Business-Steps.com

No Result
View All Result
  • Home
  • Business
    • Administration
    • Entrepreneurship
    • Marketing
    • Online Business
    • Startup
  • Management
    • Crisis
    • Human Resources
    • Leadership
    • Managing a business
    • Mentoring
    • Personal development
    • Time management
  • Software
    • Accounting
    • Billing
    • ERP
    • Help-Desk
    • Invoicing
    • Project management
    • Quotation & Proposals
  • Finance
    • Funding
    • Spending
  • How To

© 2016-2018 Business-Steps.com