Cutting wasteful spending: What your business can learn from the government’s crackdown
The government has just announced that thousands of government credit cards will be cancelled as part of a crackdown on wasteful spending. With spending on these cards reportedly increasing fourfold over the last four years, it serves as a reminder of how important it is to keep a close eye on expenses. While your business is likely far more cost-conscious than a government department—where inefficiencies can sometimes go unchecked—this is still a great opportunity to review your own spending and identify any areas where you might be able to cut waste. Are you spending more than necessary?Even in a profit-driven [...]