Of course there are always going to be fixed costs involved where there is little leeway, for example mortgage or rental on business premises but one way to reduce your overhead is to look at whether you can outsource anything. Some companies outsource their canteen by allowing local caterers to set up shop on their premises, some companies outsource their HR and here at Dataplan Payroll we are finding that more and more wages are being outsourced. Using external payroll services like ours there is no need for a wages department which immediately reduces overheads in terms of wages, equipment and so forth.
Using managed payroll services, is like using collective purchasing power to reduce costs. Because several companies will use the service the costs are reduced making it attractively affordable. Payroll outsourcing was once only available to large organisations but we realised that it is a great tool for smaller companies so it may be just the way for you to increase your profits without working harder, it is definitely worth considering.