Having run a Serviced Accommodation business for over 3 years now, I know first-hand how hard it can get at Winter time when bookings slow down, cash flow is tight and you’re doing everything you can think of to profit.
So, apart from the obvious of making more sales (which a lot of people are posting about), as part of the Business Health Check I do for clients, we look into expenses and aim to trim them where possible ensuring no effect on business performance (as money saved is straight into your profits, whereas increased sales come with more costs).
As I have recently done this for a SA business I thought I would share some of my top tips to reduce spend over the Winter (& longer term):
Below are tips on how to reduce the Cost of Sales expenses for running a SA business:
Those are just some of the tips for savings in a SA business and all the above relate to the Direct Costs of SA income.
If people are interested, I can share further tips on the savings to be made from the operating expenses of a SA business? Just let me know.
Empowering People to Live the Life of Their Dreams
Turner Invest Directors Catherine & Stephen Turner