For all the talk of company travel policies, preferred suppliers, negotiated discounts and expense reports, it’s easy when discussing corporate travel management to get lost in the jargon and forget about the real, simple, human benefit that engaging a corporate travel manager can have for you and your SME business. Don’t get the wrong idea, having access to negotiated discounts on your preferred airlines and hotel chains while staying within the budget constraints of your company’s travel policy is a fantastic outcome, but the real ‘perks’ of establishing a […]
When it comes to organising and booking corporate travel with the aim of minimising overall costs, many SMEs take the ‘why pay someone to do something that I can easily do myself’ approach. This of course seems like that natural attitude to take, especially given the myriad of self-booking and product comparison websites that are available on the internet today.
But did you know that companies who engage a corporate travel management firm spend on average 10% less on their business travel activity than companies who choose to do it […]
If you ask most small business owners “what’s the one thing you want more of?” you’re likely to find that most people give the same answer – time. No matter how long you choose to spend at work, with your family, or even sleeping there are still only 24 hours in each day.
It’s issues regarding time, or lack thereof, that also present the most significant concerns for SME business owners when it comes to business travel activity. Not only do you need to spend days, weeks or maybe even […]
It doesn’t matter whether you’re on a business trip or a holiday, public wifi networks can be a godsend when it comes to accessing the internet on your smartphone without incurring those outrageously expensive overseas data-roaming charges.
But while finding a free public wifi network while travelling can feel akin to finding an oasis when you’re lost in the desert, it’s important to recognize that open wifi networks, especially in large public spaces like airports or shopping centres, can be incredibly vulnerable to hackers who are looking to steal sensitive […]
So, you’re about to head off on a business trip. You’ve done wonders arranging your flights, accommodation and itinerary. Your flight leaves at a reasonable hour, your transfers to and from the airport are arranged and you’ve even managed a cushy suite in a preferred hotel.
Now the only thing standing between you and a profitable business trip is a 15 hour long flight. If that thought doesn’t fill you with dread, we don’t know what will!
No one enjoys being stuck in a metal tube for 15 hours with hundreds […]
For SME business travellers, claiming travel expenses once you’ve returned home has a significant impact on the overall cost of corporate travel activities. Correctly claiming travel costs ensures that your expenses are attributed to your business and not your own pocket. It also means you won’t have to waste time with the ATO when tax time rolls around.
Here are 4 tips that will help you claim corporate travel expenses properly the first time.
1. Keep an organised record of all your receipts
This one might seem like a no-brainer for all […]
1. Charge all your electronics before you start travelling
No matter how well you prepare for your business travel, once you leave your place and begin your journey to the airport, you lose a good deal of control. You’re at the mercy of traffic, bad weather, unforeseen international events and flight cancellations. If something unfortunate happens that causes a delay to your journey, you have no way of knowing when you’ll next have access to a power point and a bit of charge-time. One thing you CAN control is remembering […]
Corporate Travel for SMEs: How to streamline your business travel expenses by making the right accommodation choices
The two most significant elements of any business’ corporate travel spend is usually airfares and accommodation. Most large corporations have preferred suppliers for these products and services with whom they have negotiated corporate discounts based on a high level annual spend.
For the average Australian SME who doesn’t think they have a large enough annual travel spend to negotiate an ongoing corporate discount arrangement, choices in where, how and who you purchase accommodation with can have a significant impact on your overall spend on business travel.
So how can SMEs minimise […]
The first step for most SMEs when making business travel arrangements is the search tab in their internet browser. A recent study by Google into the traveller’s road to decision indicates that around 69% of business travellers begin researching online before deciding where or how they want to travel.
The point of online research is of course to find the best possible deals on flights, accommodation and ground transport in order to minimise the cost and maximise the efficiency of your business trip. But are you actually achieving these […]
There’s a good chance you’re reading this because you own, operate or are employed by an SME and you engage in some form of business travel. If this sounds like you, you may be asking yourself why do SMEs have such high comparative expenses when it comes to business travel? Furthermore, what can SMEs do to reduce costs?
According to the SME Association of Australia, 97% of actively trading businesses in Australia are SMEs. On top of that, SMEs employ roughly 70% of the Australian workforce.
As an SME, your business […]