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Creative Ways Available to Cut Monthly Insurance Business Costs

If you ask a small insurance business what's one of the most difficult operational tasks that needs to be dealt with, staying on budget with monthly expenses will likely be a top contender, especially in these challenging economic times.

By Kevin Baker | Updated on May 24, 2010
If you ask a small insurance business what’s one of the most difficult operational tasks that needs to be dealt with, staying on budget with monthly expenses will likely be a top contender, especially in these challenging economic times. And chances are your insurance business faces the same obstacle every month.

It seems every time you turn around, there is another expense, a delay in payment, or some other circumstance that has a negative effect on your cash flow. So instead of putting a little something away for an even rainier day, you find yourself sweating it out until it’s time to flip to the next page of the monthly calendar for a fresh influx of cash.

If you want to make the money and the month line up better, you may need to rethink some of your business assumptions – including what constitutes a must-have expense. Following are a few ideas that can help improve your overall cash flow.

Get rid of your business land line

According to CTIA -The Wireless Association, 23 percent of US households are wireless, meaning they no longer have a traditional landline phone. One of the driving forces behind this epidemic is the desire to cut costs, especially in today’s down economy.

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