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Five business travel challenges for small companies to overcome
Part of this has nothing to do with what you're spending: you want to make sure the reasons for your business trip are smart. But, you also need to keep an eye on the expense side of this to ensure you aren't spending unnecessarily. Business planning covers the first aspect of this, and travel planning addresses the second.
So, how can white collar travel folks spend more intelligently on business travel? Here are five ideas:
1. Forget brand: are you loyal to a particular airline? Cut those ties. Sure, you're thinking that accumulating miles can get you free business travel later ... and there is some truth to that. However, you could be spending more than the price of a ticket when working toward that benefit. Also, there may be constraints on when you can take free travel.
3. Shop around a bit: time is money, and the hours you spend looking for a flight are hours you could sink into other business activities. So, look at your effective rate per hour (i.e., how much your time is worth). Let's say, for example, that an hour of your time is worth $100. If you could spend an hour to save $250 on a flight, that's a good return – swallow the pill and do some comparison shopping for airfare and room rates.
4. Look at alternatives to airline loyalty: some online travel agencies have loyalty programs. Remember to join them, as you can accumulate benefits with them as well as with the airlines. As with airline choices, though, don't choose a particular booking site just to accumulate points. Cash comes first!
5. Play the credit card game: use a branded credit card to make your travel arrangements. Choose one for the airline you use most. So, if you have a Delta card and wind up flying American Airlines every now and then to save money, you'll still accumulate some benefits with Delta. Just don't forget to pay the card off at the end of the month!
[photo by codepo8 via Flickr]