#Immediacy on speech making

Finally, check with the electricity board that your premises are on the ...

Finally, check with the electricity board that your premises are on the most economical tariff. The tariff was probably set when you started business and has not been changed despite increases in consumption.

Bank charges Bank managers are allowed a degree of discretion in the charges made on business =counts. It is well worth shopping around, not only between one bank and another, but even between branches of the same bank.

The magazine What to buy for business, reporting results of enquiries with banks as to charges likely to be made to a hypothetical company with a turnover of £11.5 million and a credit balance of £110,000, revealed some interesting facts. Apparently one bank estimated £1356, another £11,880, while the rest quoted figures of around £11,000. The difference between the best and the worst approximately £11,500 can represent quite a lot of sales and hard work. A company which has no wish to change banks will not be wasting their time in protesting about the charges made. The manager probably has the authority to reduce the charges and, for the sake of a little persuasion, may agree to do so.

By the way, if you feel that you have been badly treated by a bank and are in dispute with them, help might be obtainable from The Financial Ombudsman Service see www.financial-ombudsman.org.uk. Insurance premiums Don't be afraid to argue with your insurance broker if he tells you that you cannot be properly insured at lower costs. The chances are that you can Bear in mind that your broker, although theoretically working for you, will be tempted to place your insurance where he gets the -biggest commission,, and this is often the place where the price is highest.

Don't hesitate to try a second broker, and in any case insist on 'seeing two or more quotations. Provided the policy is wide enough to cover your risks fully including excesses and limits and offered by a reputable insurer, you should go for the cheapest quote. It is also worth looking seriously at your insurances to see if the business is over-insured. There is frequent comment in the business webpages of newspapers about the dangers of being under-insured, which is often the case with private insurance for houses, contents, personal effects and so on Very little appears in the press about over-insurance.

A small firm of ship-brokers had professional liability cover of no million, which cost them a small fortune in premiums. In the light of the fact that the Baltic Exchange insisted on only £1500,000 liability cover for its members, the ship-brokers were encouraged to reconsider their insurance.

They worked out the worst imaginable scenario i.e.

the most expensive mistake they could think of and calculated that a cover of £15 million would be quite enough. The resulting saving amounted to about 40% of their insurance costs. General supplies Expenditure on such items as cleaning materials, plastic refuse sacks, soap, toilet paper, and all forms of office supplies tends to mount up slowly but steadily.

The cost of each individual purchase is normally only a small part of the budget and tends to go unnoticed or ignored. Working out how much items cost in total and what they represent in terms of sales volume can be quite a shock and hence well worth the trouble. A company which did this and was suitably horrified at the result made representations to suppliers for discounts.

About half the suppliers agreed to a reduction without any arguments. In ...

About half the suppliers agreed to a reduction without any arguments. In the cases where the suppliers would not agree to a lower price, alternative quotes were obtained from o... read more

It is important, therefore, to choose machines suited to the work required ...

It is important, therefore, to choose machines suited to the work required to be done, and not to be influenced by enthusiastic, young sales persons into taking a ... read more

This cost can then be compared with sending the office boy to ...

This cost can then be compared with sending the office boy to the local library when copies are needed.

Office procedures The savings to be achieved by looking at office procedu