This is an expert from a speech I have given a few times on a phrase that I coined as Ruthless Expense Control. I learned most of these practices from my time working for Walmart corporate, and then later deploying what I learned at Walmart to grow my own companies profitably from the first day. These disciplines should be deployed by every company, from a start up to Fortune 500 companies. If you're an employee, start with point #10 below and work your way backwards as employees have a fiduciary obligation to their employers to practice Ruthless Expense Control. Treat the company money as if it was your own when it comes to expenses. Every dollar you save can go back into the company to make it bigger, stronger, faster.

• 1. Embrace Minimalism in Office Space:

• 2. Negotiate Vendor Contracts:

  3. Implement Virtual Meetings to Cut Travel Expenses:

  4. Outsource Non-Core Functions:

  5. Leverage Remote Work:

  6. Barter Goods and Services:

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  7. Utilize Open Source Software:

  8. Emphasize Preventive Maintenance:

  9. Encourage Cost-Conscious Culture:

  10. Employee Accountability: