When You Need to Cut Costs Immediately
What happens when your business needs to cut costs…now. Don’t fret – you can work quickly before time runs out! And if you are looking at your books, evaluating your profits (or lack thereof), and wondering if your expenses need to be assessed you’re not alone. But when faced with the issue of needing to […]
Black Friday & Retail Cost Cutting Strategies
With Black Friday barely in our rearview we thought it might be timely to talk about cost reduction strategies related to the retail industry. Most people understand Black Friday as being the day of the year that retailers try to “get back in the black” if they are having a hard year turning a profit. […]
Uncover Big Savings With a Closer Look at Telecommunications Expenses
When you receive a bill from your telecommunications provider, do you know what you’re paying for? How do you determine if you’re being charged correctly? We recently took a closer look at telecommunications expenses for a client, and the billing errors we found were significant. We discovered that this business was paying for services at […]
DIY or Silverback? The Downside of “Doing It Yourself”
At Silverback, our goal is to help clients reduce costs, so they can use the savings to bolster their companies’ bottom lines. Not every company believes the cost/benefit analysis of hiring an expert works to their advantage. Many of these company leaders believe they can do this critically important work themselves. The Do-It-Yourself (DIY) impulse […]
Shipping Prices Set to Rise in 2017
A few months ago, we shared with you our tips for using dimensional weight shipping to cut your business’s mailing expenses. Recently, commercial mailing companies have made some big changes to how they price your packages. Here’s how these changes might affect your company and your shipping budget. Two of the biggest shipping companies in […]
How Silverback Can Help Your Nonprofit Organization
At Silverback, we are devoted to helping business find ways that they can cut their expenses and improve their profits. Another passion of ours is helping non-profits and giving back to our community. Recently, we had the opportunity to give back in a big way. This month, we presented the United Way of Elkhart County […]
Cost Management Industry Focus: Restaurant & Hospitality
Margins in the hospitality industry are tight; some of the tightest around. Because of this, it’s incredibly important for these types of businesses to closely monitor their expenses, and do all they can to cut costs. However, when you’re focused on the day-to-day task of running a restaurant or other hospitality business, it can be […]
New Overtime Law Overturned by Federal Judge
Business across the country have been busy adjusting for changes in overtime laws that were set to take affect this month. The salary level that makes an employee exempt from overtime pay was greatly increased. Under the new law, an employee must make at least $134,004 to be considered for the “highly compensated employee” exemption. […]
The Bottom Line: Preparing to Sell
Business owners decide to sell for any number of reasons. Some have extenuating circumstances, some are looking at retirement, and some simply decide they want to move on to something different. Whatever the reason, all these business owners have one thing in common: they want to be able to get as much as possible for […]
Dealing with Rising Recycling Costs
Environmentally conscious business owners can sometimes find themselves in a tough position. It can be hard to balance a concern for the earth with the need to keep costs low. This struggle shows up in many areas (including energy costs), but is particularly noticeable in recycling, where costs are on the rise. Many businesses would […]