As entrepreneurs/business owners, we take great care in setting rates, creating packages and tracking the hours we and our teams put in; but are our rates really paying for our expenses? Any money you spend to run or grow your business must be paid for somehow, and not necessarily out of your own salary. Insurance: If you carry any sort of business insurance, or if you have extra homeowners or renters insurance to cover equipment losses, count it as an expense. MORE

It has been really interesting reading all of the different job descriptions, the skills that are required and the salaries attached to different levels of the role. The description lists all of the core skills (diary and email management, travel arrangements, expenses etc) followed by one or two more bullet points relating to tasks designed specifically for the role (managing in-house IT software, supporting certain departments, managing social media for the organisation for example). MORE

Managing Calendars. This one item can become a whole list on some job descriptions if they get specific as to the particular documents you’ll manage. This includes setting up and managing electronic and physical files. This would include confirming attendees, scheduling conference rooms, setting up conference calls, and managing multi-media needs. Project Management. Making Travel Arrangements and Compiling Expense Reports. MORE

WinWeb – Your Office Online Simply the best way to manage your small business! 7 Comments » | Trackback | Share This 7 Responses to “ Reducing Overheads Can Save A Business &# Matt Beck Said on June 30th, 2010 at 1:36 pm I run a small web development and project management business that is 100% virtual, with only 1 full time employee (me) and a staff of freelancers who work on a project basis, which keeps my overhead low, but not non-existent. MORE

Event Management, Project Management, Human Resources and Finance have become a big part of my job. Tasks and responsibilities involving heavy project management are becoming commonplace for the admin too.” I came from a background of office management & finance, I was able to take all the roles that I have had over the last 20 years and roll them into an executive assistant role. In this role I managed staff, but was not given a manager title. MORE

I considered if I wanted to keep programming, or go into project management, or change fields entirely by going for my teaching certification. It may be that you prefer a smaller salary in a more stable company to a big salary in an industry that is shaky. I cleared out my backlog of projects, and jump-started others. MORE

cities are more expensive than outsourcing overseas, rising salaries and costs overseas is making outsourcing there less of a bargain. Also driving this shift is cities like San Francisco and New York have become so expensive, it's simply become hard for companies and their employees to locate there, LinkedIn's  Labor Arbitrage Comes To Silicon Valley covers the shift to lower cost locations by many Silicon Valley firms. MORE

Create a mentoring program for employees to lean on their managers and learn about everything from technology to networking. Baby boomers often struggle with mastering new technologies like CRM tools and online project management systems. Either scenario costs companies in productive hours lost and re-hiring and training expenses. Focus on assigning projects that match baby boomers’ unique skills, and offer ongoing performance reviews and raises. MORE