Friday, November 5, 2010

Reduce fix cost overheads

Further to my earlier post , regarding keeping cost low . I would say , we would need to keep an eye on cost , not just during investing , but in other aspect of spending too,Take you mobile phone plan , if you are an employee of a MNC or rather of a well known Indian corporation , do make it a point to check with your HR for corporate Mobile Tariff plans . Not only will these corporate plans have lower monthly rentals ,but would also have very competitive call rates and also they will not have CLIP charges associated and also have a feature called CUG ( Closed User Group ) free calling , That is unlimited free calls between number on coporates plans of same company.

So if the service provider is OK , you can pick more then one connection or change plans of exisiting connection to the corporate plans , so that people who you frequently calls say spouse , parents , use the other connection , and you can end up with unlimited free calls at a fraction of the cost

Any recurring cost , be they Internet connections Plans, Magazine subscriptions,Cable TV subscription plans , there is always scope to optimise and cut on wasteful expense .

The bottomline is to keep recurring cost low , because , in long run benefits of optimising recurring cost would be phenomenal , as it could also help you get into a "optimise" mindset

Let us try to do the simple things first .

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