Four Ways to Bootstrap Your Travel Budget

August 8, 2017 by · Leave a Comment 

Video conferencing, data sharing, cloud computing, and mobile connectivity have been touted as the way to do business in the 21st century. Turns out, it’s hard to beat being in the room to conduct business. Face-to-face meetings facilitate better, clearer, and faster exchange of ideas. And don’t forget all the conferences and trade shows you have to attend.

According to Entrepreneur magazine, business travel is expected to grow by almost 6% each year over the next five years. How can startups and small businesses, which often operate on shoestring budgets, bootstrap their travel costs so their salespeople can close crucial deals?

Business travel is costly, but it doesn’t have to break the bank. Entrepreneur magazine’s article had some helpful ideas for bootstrapping your travel budget, and we came up with a couple of our own.

Get organized. Concur Technologies found that disorganization — failing to fully understand the true cost of travel — caused companies to waste nearly 20 percent more than large businesses in this category. Bottom line? Do a cost analysis of your frequent travel options in order to create a detailed, thorough, comprehensive travel policy that everyone must adhere to.
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