There’s no avoiding the fact that business travel can be a crucial necessity in order to run a successful business. If you’re required to attend a meeting, conference, networking event, or training day miles away from your office and home, you’re going to incur some heavy travel expenses.
If it wasn’t already costly, it certainly is now. It’s clear fuel prices have increased sharply, but so has the price of rail fares and flights. Nobody should have to miss out on an important business event because they simply cannot afford to get to the venue, so how can you reduce your need for business travel now that it’s more expensive than before?
Carry out all meetings online
We all know that in-person meetings hold a lot of power, especially when it comes to winning new work or building relationships with new clients. That being said, however, the ever-increasing cost of travel means you must be picky about the type of meetings you physically arrange and attend.
Instead of spending money driving to another city or flying to another country, arrange the meeting online. Don’t underestimate the power of video calls – and hey, you never know, the other party might prefer this option too.
Take advantage of virtual events
Virtual events exploded during the coronavirus pandemic, and their force continues to remain long after lockdown restrictions were eased and eradicated. If you’re looking to arrange a lecture, workshop, or conference, you should first look at the opportunities available online. Not only will you reduce travel expenses for yourself, but also for your prospective attendees, something they will be sure to appreciate.
A good webcast platform can give you even more opportunities than a physical event, including conversion tools, actionable analytics, and seamless reporting. It’s a winner in more ways than one!
Work from home if possible
If you’re fortunate enough to work in an industry that allowed you to work from home during the various lockdowns, it might be a good idea to revisit this kind of setup. Approximately 3.7 million Brits commute for two hours or longer each weekday, which naturally creates hefty travel expenses even before the constant increases.
To reduce the need for business travel – and to offset the continuous rises in fuel and train fare prices – work from home yourself, and give staff the opportunity to do so themselves. Even one or two days from home can save significant money during a time where every penny counts.
Arrange solo trips
Once upon a time, it might have been beneficial to send two or three team members to a single business event, but that would be far too expensive now. Think carefully about which department would be best to represent your business at the networking event, or learn from the workshop, and then choose the best person from there.
By only sending one employee instead of several, you’ll save crucial travel costs while keeping proceedings organised, thorough, and well within your control.