Revenue generation is a top priority, of course. But it is equally important that the greatest possible number of top-line revenue dollars make it to the bottom line. Radical cost-cutting almost always has its downside, but every business must be prudent in its cost management, for the sake of shareholders employees alike.

For many businesses, particularly those who have experienced strong growth, focused expense consolidation can yield tangible improvements to the bottom line. Travel and accommodation, for example, is a category that can often be consolidated (with the help of an outside specialist firm), to both reduce costs as well as improve the quality of the “road warrior” experience. Corporate cell phones, as well, can often be consolidated into one overarching plan, to achieve a lower ongoing cost structure for this form of communication. (more…)