Ex-Road Warrior Delivers Tips on Cutting Business Travel Expenses

Just as you get the best security advice from an ex-hacker, take it from an old road warrior on how you can cut business travel expenses. While  I am typically an optimistic person, I have been inundated with enough economic news in the past two weeks of this new year to settle on the realization that 2013 is shaping up to be another challenging year.  This of course will lead businesses to continue to focus on doing more with less, especially when it comes to business travel.  While your first reaction may be to cut travel altogether, I warn against this approach as it is most likely going to have a greater negative impact on your company’s revenue than the corresponding cost savings.  According to the New York Times, “Every dollar invested in business travel has historically brought in $20 in extra profits to American businesses.”  Good luck finding any other investment in this day and age that will yield similar returns.

So if we are in agreement that travel is an expensive but necessary evil required to grow sales, how do we make the trips happen without breaking the bank?  Here are some ideas to better manage your travel costs.

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