Four Ways Your Company Can Cut Down On The Cost Of Business Trips


Do you run your own company? Are you looking for ways to cut down on business travel costs? Grab a seat as we bring you helpful tips on how to cut down on your company’s travel cost.

With the increase of economic downturn that is affecting businesses globally, there is a dire need to cut down on operational costs. So if your company is looking to cut down on the cost of running its day to day business, you should look towards the area of business travel.

Business travel gulps in a lot of money, and your company may not realize how much you spend on business travels until the annual financial statements are ready. Business travels are important for meeting new clients and sealing off fresh business deals. However, if your company does not properly manage the cost of business travels, you might just be doing more harm than good.

Here are four helpful tips which will help your company save money on business trips:


The Use Of Technology

With the level of technological advancement going on in the world today, some business travels are no longer relevant. Modern technology like video calls and web conference will save your company the stress and cost of traveling thousands of miles to attend a business meeting or conference.

The Use Of Just One Credit Card

Your company should dedicate one credit card for all its business trips. Using this strategy will help you keep a good record of how much spent on travels. Your company will also accumulate frequent flyer miles from different airlines, hotels and other services. Your company will enjoy benefits like awards, upgrades on the class of travel by your favorite airlines, free flight tickets, and free hotel accommodations. These will help your company save in the long run.

Develop An Effective Company Travel Policy

Lack of a company policy on travel can lead to unnecessary travel abroad, including excessive spending on air travel and hotel accommodation. A company should have strict policies on when travel can be undertaken and by whom and staff members should be made aware of these policies. Also, there should be accountability for any business travel done including the reason for travel, class of travel, hotels lodged, and the number of days spent on business travel.

Hire A Travel Management Agency


Your company will save more money when you enlist the services of a travel management company. A travel management agency will handle all your travel and hotel bookings and will help you cut down on the cost of travels as they are aware of your travel policies.

It’s important you hire a travel management company that is willing to key into your aim of cutting down on travel costs. You can compare the rates of the available travel management companies; this will ensure you get the best available rate in the market.


The following tips will help your company cut down on travel costs while achieving its business goals. Business travels are important for the growth and development of a company, but quickly become a mundane liability when poorly managed.

Accepting Cryptocurrency as Payment in Your Business

These days, the rise and rise of Bitcoin and other cryptocurrencies is all the market is talking about. In the past month, the world has become even more alerted to the enigma that is cryptocurrency. Suddenly you friends, neighbors and mailmen are all getting involved. The communal participation is great and probably one of the fundamental values upon which the currencies were founded. That though raises the question, should you be accepting cryptocurrency as payment in your business and if so, how do you go about it?

The Intentions of Cryptocurrency

Although it has become convoluted and confusing over the recent times, with vast numbers of new currencies, hard forks and ICOs coming into the market. The core value of Bitcoin upon its original emergence into the marketplace was to provide a transparent currency which could be traded and created without interference from outside sources, including government regulation. This would allow for a society to operate with total financial autonomy in the marketplace. This core value lends to the notion that businesses should adopt cryptocurrency as forms of payment for goods and services. Over time, this would see a rise in accessibility and ease of use for daily transactions. Many have followed this path, though the majority remain uncertain.

Why Hasn’t Business Adoption Been More Widespread


The main reason for this, may well be that people do not understand how to implement the systems. In actual fact, it is really simple. You can purchase Bitcoin from any of the now global exchanges, such as Coinbase. From here, you can create a secure virtual wallet with the likes of Jaxx or MyEtherWallet. This acts as a type of safe storage facility for your currency balance. From there, sending and receiving payments is as simple as exchanging wallet addresses with your payee or even QR codes.

Benefits of Accepting Cryptocurrency

There are some major benefits, including the very low transaction costs compared to banks. Transfers are also anonymous and trustworthy. Secondly, these days, values are soaring. This can only be of benefit to the businesses which are accepting the currencies as payment. The caveat here of course is that values can also fall. This will invariably lead to many price changes on your services and items in the cryptocurrency format.

Lastly, with the widespread boom in the industry, especially in the last few months, all of the currencies are gaining huge brand recognition. This can make your business or service stand out from the crowd among your competitors and position you as a progressive competitor within the market.


Like any new advancements is technology, there is bound to be fear and resistance. However, quite often, the early adopters can be rewarded handsomely, at least in reputation terms for their brave harnessing of new ideas. Given the huge increase of late in the number of cryptocurrency holders, it feels like the time is arriving where it may bear fruit to accept this form of payment for your products and services.