MONEY SAVING TIPS FOR SMALL BUSINESSES - Tip 6: Cater a Weekly Company Lunch Meeting

You probably have weekly company meetings. Make it a catered lunch meeting, keep it brief, and save!

How so? Let’s assume you have five employees. Let’s further assume each employee costs you roughly $25 per hour in salary, benefits, and overhead. Put differently, an hour of your five employees’ time is therefore worth at least $125 to you.

You can easily cater lunch for all of them for a total of $50 or less. Therefore, you actually save $75 worth of their time when you buy them lunch, plus you put them to work during that time going over company business!

It’s not only a good value for the company, it’s great for employee morale.

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