How to Keep Your Business’ Travel Expenses to a Minimum

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Air travel

Modern businesses are going global. Thanks to the increasing role of the internet in building connections and forging relationships, even the smallest SME can have international commitments, many of which will necessitate travelling.

But going abroad will always be expensive, and smaller businesses don’t always have the budget to match their ambitions. They need to keep their costs as low as possible, and this means planning their overseas travel with a strong strategy in place to reduce their expenses. (Related: World’s most expensive cities for business travel)

If you need help creating one, here are a few tips and tricks that you might find handy…

1: Book in Advance

It is no secret that the cost of plane tickets will usually be higher if you choose to book them at the last minute. Airline companies count on the fact that desperation will be driving your decision, so they’ll ramp up their prices and make you pay through the nose. The solution is to be organised enough to plan your travel well in advance. Ideally, international flights should be booked around six months beforehand to secure the lowest fares, whilst travelling on a Sunday also tends to be cheaper. If you think they’d be useful, there are apps like Airfarewatchdog that you can download to track prices and alert you when fares to your desired destination drop.  

2: Travel Light

Our second tip is a simple one: try to travel light. Lots of providers will add on an extra charge for baggage, so if you can, stick to hand luggage only to significantly reduce your expenses. Many airlines will allow you to take more than you realise in the cabin with you, and you can often fit everything that you need within the weight and size limit that they set. Choosing to do this will not only cut your costs, but will also mean you get to avoid time wasted at the baggage carousel when you land.    

3: Ask the Experts

If your expenses are really becoming a problem, and you feel like DIY methods won’t reduce them to the extent that you need, you could try approaching a company like Statesman Travel instead. Specifically set up to help ventures like yours lower their travel costs, they’ll help you to scale back your outlay whilst improving the experience of those who are tasked with travelling abroad.

Cut your costs today: travel wisely to reduce your expenses and increase your profit margins.  

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Student @ Advanced Digital Sciences Center, Singapore. Travelled to 30+ countries, passion for basketball.