Archive for October 7th, 2008

Seize the Day

Tuesday, October 7th, 2008

 debt reduction Plan

photo by esthr

Nonprofits can seize the day and take a lead towards economic recovery.  What can you do today to reduce costs and decrease the use of debt?

  • Bulk Buying saves 10-20%
  • Bid out services more than five years old such as Audit services should result in a 15%-25% savings.
  • Coupon use saves 20%, add in their use during specials and save 40%.
  • Run payrolls twice a month
  • Send out billings twice a month
  • Reduce the use of lines of credit