A CFO explains some of the benefits of closely tracking a company's overhead. Five Ways to Save Money Keeping rent low is a great way to keep your overall costs down. Here are five tips for doing just that, along with a checklist for negotiating the best deal before you sign on the dotted line. Cut Travel Expenses Without Compromising Quality Save big money on your small-business travel expenses without sacrificing this valuable means of doing business. Try setting up your employees at home.
Group Discounts Take advantage of group purchasing discounts to help cut operating costs.
Keep Hiring Costs Down Keep your recruiting costs low by asking friends in the industry for leads to good candidates. Set Cost-Cutting Targets Rethink each expense and how you can reduce it. Two entrepreneurs offer advice on reducing costs through open-book management. The Krypto Challenge Over the years, employees at bicycle lock maker Kryptonite have been perfecting their cost-savings program. Use their ideas to launch your own.