#Operating Expenses

[nationallawreview]

Office Tenants: Do Due Diligence on Your Landlord

Office markets from coast-to-coast are struggling mightily, especially in major urban downtowns. Chicago’s downtown business district (i.e. the Loop) is no exception. Right now, Chicago’s Loop office vacancy rates are the highest since such rates have been recorded. In April of this year, Crain’s Chicago Business reported that downtown office vacancy broke 25% for the first time on record,…

[nte-backlinks1]

Cutting Costs: How a Digital Document Management System (DMS) Reduces Operating Expenses

Introduction

In today's fast-paced business environment, organizations are continually seeking ways to improve efficiency, streamline operations, and reduce costs. One impactful solution that has gained prominence is the adoption of Digital Document Management Systems (DMS). This article explores how leveraging a DMS can lead to significant reductions in operating expenses while enhancing overall productivity.

Understanding Digital Document Management Systems (DMS)

Definition of DMS: A Digital Document Management System is a software solution that enables organizations to digitize, store, organize, and manage documents electronically, eliminating the need for physical paperwork.

Importance in Cost Reduction: DMS plays a vital role in cost reduction by minimizing paper usage, reducing manual tasks, and improving accessibility to information.

Key Components of a DMS

Automation: DMS automates document workflows, reducing the time and effort required for tasks such as document routing, approval processes, and notifications.

Centralized Storage: By storing documents digitally in a centralized repository, DMS eliminates the costs associated with physical storage, such as filing cabinets and off-site storage facilities.

Document Retrieval: Quick and efficient document retrieval within a DMS saves employee time, leading to increased productivity and reduced labor costs.

Cost-Saving Benefits

Paperless Operations: Transitioning to paperless operations with a DMS reduces expenses related to paper, printing, storage, and document distribution.

Reduced Administrative Burden: Automated workflows and streamlined processes reduce the need for manual intervention, minimizing administrative costs.

Improved Compliance: DMS helps organizations stay compliant with regulations and standards, avoiding costly penalties and legal issues.

Case Studies: Real Cost Savings

Explore case studies of organizations that have successfully implemented DMS solutions and achieved significant cost reductions across various departments.

Best Practices for Cost Optimization

Customization: Tailoring DMS features to specific business needs ensures optimal utilization and cost-effectiveness.

Training and Adoption: Providing comprehensive training and fostering user adoption ensures maximum ROI from DMS investments.

Security Considerations

Addressing security concerns such as data encryption, access controls, and regular audits ensures protection against data breaches and associated financial losses.

Conclusion

In conclusion, a Digital Document Management System (DMS) is a powerful tool for reducing operating costs in modern businesses. By automating workflows, centralizing document storage, and promoting paperless operations, organizations can achieve substantial cost savings while improving efficiency and compliance.

<a href="https://www.nte.ai/Blog/productivity/cutting-costs-how-a-digital-document-management-system-dms-reduces-operating-expenses/?utm_source=backlink&utm_medium=directory+submission&utm_campaign=organic ">Visit nte.ai</a> 

[robnergal-yt]

pi4 power draw

Running under a full CPU load, a Raspberry Pi 4 should only draw 15.3 Watts per Hour, given a 30 day month that's 720 hours, and therefore 11,016 Watts in a month. Just over 11 KiloWatts, when a kiloWattHour costs roughly $0.12 to 0.20 USD for the electricity. A single boar computer can be kept online at full load, headless, for under $3 per month

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Raspberry Pi and similar computers can be acquired for under 100$

[ifindtaxpro]

Running a food truck? Learn about sales tax collection, expense deductions, and tax planning strategies for your mobile food business! #FoodTrucks #TaxPlanning #SmallBizTaxes

[restaurantify]

What Are Operating Expenses And Its Calculation

If you're embarking on a restaurant business, understanding your costs is crucial for sustainability. Restaurant operating expenses, comprising fixed, variable, and semi-variable costs, play a pivotal role in maintaining your financial health. 

Exploring Restaurant Operating Costs 

Operating expenses in the restaurant industry fall into three key categories: 

1. Fixed Costs: These encompass insurance, loan repayments, space rent (if applicable), and specific annual license fees. These expenses are stable and easily integrated into your budget. 

2. Variable Costs: These include unpredictable expenses such as food, hourly wages, and utilities. Accurately gauging these costs may require several months of operating your restaurant. 

3. Semi-variable Costs: Combining both variable and fixed elements, labor costs are the primary component. Labor expenses can fluctuate due to factors like seasonality and demand, comprising salaried employees (fixed costs) and hourly-wage staff (variable costs). 

The precise makeup of restaurant operating expenses depends on your restaurant type, location, and profitability goals. 

Delving into Key Restaurant Operating Expenses 

The most significant restaurant operating costs center around labor, food, and rent. Let's examine each category in detail: 

Fixed Restaurant Operating Expenses: 

Insurance

A vital investment to safeguard your restaurant against various risks. This includes Business Liability Insurance, Product Liability Insurance, Liquor Liability Insurance, and Workers' Compensation Policies. Costs depend on your restaurant's size and type, averaging around $4,300.

Rent and Loan Payment

Rent varies with location and establishment size. Loan payments and building fees constitute long-term fixed expenses. Even if you own the property, you might still pay building administration fees, typically ranging from 8% to 12% of your total rent. Seek professional advice when dealing with leases. 

Tips for Saving on Rent: 

Build a positive relationship with your landlord. 

Include provisions in your contract to protect against unfair rent hikes. 

Engage a third-party consultant if disputes with the landlord arise regarding contract terms. 

License Fees: Initial license costs are common, but renewal fees contribute to ongoing expenses. 

Variable Restaurant Operating Expenses: 

Cost of Goods Sold (COGS)

A crucial metric for assessing your restaurant's profitability. COGS varies depending on your restaurant's cuisine and market-driven fluctuations. Maintain gross profits around 70% and consider net monthly costs when pricing menu items. 

Repairs, Maintenance, and Utility Costs

Neglecting these costs can lead to financial challenges. Allocate resources in your budget for unexpected repairs and exterior infrastructure damage. Approximately 1.5% of your restaurant's budget may cover these expenses. Utility costs may range from $3.50 to $4 per square foot based on location. 

Restaurant Management Software and POS Systems

Investing in effective software and point-of-sale systems can yield long-term savings. Cloud-based POS systems, which require minimal hardware, can cost as little as $24 per month. This automation improves efficiency and reduces wastage. 

Mixed Restaurant Operating Expenses: 

This category involves both fixed and variable components, with labor costs being the primary consideration. Labor expenses can account for 20% to 30% of your restaurant's total costs.

Labor Cost Calculation: 

Determine the total labor expenses, including salaried and hourly-wage staff, bonuses, overtime, taxes, and benefits (e.g., health care or vacation days). 

Calculate the labor cost percentage using the formula: Labor Cost Percentage = (Total Labor Cost / Total Sales) * 100. 

Tips to Reduce Labor Costs: 

Minimize the costs associated with staff turnover, investing in finding and training new employees. 

Carefully select employees and provide incentives for high performance. 

Invest in automation to reduce resource wastage, using efficient restaurant management systems. 

Marketing Expenses: These expenses can vary depending on your marketing strategy. Maintaining a consistent marketing plan can help control costs, although expenses might surge during seasonal promotions. Allocate 3% to 6% of your budget to cover direct and hidden marketing costs. 

Controlling restaurant operating expenses is challenging but essential for effective management. Regularly monitor prime costs, labor costs, and food costs to understand your spending patterns and prevent significant losses. 

For further guidance on managing your restaurant's digital presence and website development, feel free to reach out. 

[studiousandrogynousfox-blog]

(almost) fully independent at clicky and zoomy stuff

this morning i received training to use an electron microscope independently! i'm now allowed to open and close a vacuum chamber on my own and play the video game of aligning everything to make the focus better! it's honestly mostly just clicking buttons in a software and carefully sliding a door open and close lol

in the afternoon after installing all the equipment i'll need in the vacuum chamber i was allowed to operate the microscope on my own and managed to measure two samples. the other seven i'll hopefully manage in the next two days :)

[r26yz]

new faction coming

[emmebearpaw]

one thing about playing with mechs with other people is I have realized I am going after the horror of that sort of setting in a different way than the people i play with i've seen mech posting. why we gotta be hooked to a machine. Like I don't think that sort of vibe is bad when talking about mechs but i think mechs existing in general is horrifying.

[squeakadeeks]

moodboard for this past week ❤️

[queerliblib]

Just got my QLL approval, so excited to start reading with you! Could you stock some more YA books though?

Hello, welcome! yes, we’re planning to buy more of literally every kind of book. we chose to open the library with a smaller collection and build up as we go so people could start reading right away, instead of waiting another year or longer for QLL to open. we’ve also gotten a massive surge in patrons this month, so we know our membership is outpacing our collection and we’re doing our best to keep up

keep an eye out near the beginning of each month - that’s when we add new titles to the collection!

[badolmen]

Actually I’m still not over writing prompt s not only accusing Palestinian and Arab bloggers who have been here and doing activism for years of being a scam ring, but proceeding to double down and ignore any evidence to the contrary because they were ‘clearly’ scammers.

Y’know what a scammer does when they get called out or someone publicly voices suspicion? They cut and run. Scams are a cost benefit analysis and once you’re got, you’re GOT and you need to take your money and run. Diminishing returns hits hard after you’re accused of running a scam (and if you are, it’s a LOT of work to fabricate the necessary evidence). There’s no financial reason to insist innocence - the honey moon phase is over and it’s on to the next mark.

So when the people you accuse of being scammers don’t go quiet? Don’t take the money and scram? That’s a pretty dead give away that they’re not running a scam - no seasoned con artist (and you would have to be experienced to run a scam on the scale writing prompt s was writing conspiracy essays about) would stick around after that.

[ultimateaclrecovery]

Just had a very confusing interaction in which a random coworker gave me this very awesome purple astronaut statue.

We’ve never actually worked directly together and have had maybe three or four conversations, most of which are when he passes by my desk and pauses to mention how much he loves how purple I am as it’s also his favorite color.

And then today he was like I’m sorry if this creepy or weird but I have something purple for you. At first I thought he found it or something (because that does happen to me a lot). But when I go into his office to get he starts telling me more about it and how he had a few beers and then was looking for something for his niece and came across this and thought I just had to have so he ordered it for me and he’s sorry if that’s a little weird but would I still like to have it? And this whole time I’m just trying to remember this guys name and am also so confused but trying to be nice and tell him thank you because it’s really nice but I’m also so confused?

Anyway I then saw his name on his office door so I know it now and I also have this honestly pretty awesome astronaut to put up in my office

[bugsoda]

cars fucking suck

REAL car infrastructure takes over everything. i cant walk safely anywhere due to lack of crosswalks, there are barely any bike lanes here and if there are they randomly end, and i dont even know what the closest bus stop to me is. i dont want to drive bc no one knows how to drive and its fucking terrifying. cant wait until more cities nearby adopt pedestrian/bike infrastructure so that i dont almost die if i dont want to drive :)

[crispychickensandwich]

It needn't be said, but modern medicine is amazing. Most people typically point to examples of life-saving medication, operations, and practices, but there's a lot of examples that just improve your life in small ways.

For most of human history, if you had something like a headache then there's a plethora of vague methods of treating it. Some of them might have just been placebo effects (which is now better understood through modern medicine!). Now, if you have a headache, you can just take acetaminophen or ibuprofen, which are common, OTC, and affordable.

If your left ear is muffled, there wasn't a solid solution to fixing it. Now, if you go to a doctor and explain that your ear is muffled, it just takes a couple of minutes to clean out the earwax and you can hear perfectly again.

Those small advancements in modern medicine reduced very common problems down to ridiculously easy solutions.

[wychelm]

Absolute roller coaster of a day man, these animals are running me ragged

[nonbinarycharmybee]

i'm a big fan of the headcanon that Vector adopted Charmy (in the i found this kid so i guess it's mine now? kind of way) when he was a really little bitty baby larva because it means Vector and Espio would've been there when Charmy pupated and. ough.

Worker bees take around 14 days to pupate irl but real-life bees don't live very long so. let's go with the idea that pupation in the sonic world takes about six-eight weeks (they've got a lot more complex organisms to develop). Also real bee larva stay in their cell in the beehive until after they pupate so I imagine that's like. equivalent to a baby incubator and Vector finding Charmy was like holy shit this is bad? I need a doctor right? Anyways they find a doctor and put larva-Charmy in an artificial incubator for a few weeks just to stabilize him, and Vector and Espio stop by to visit every day because they feel responsible and the nurses let them hold him for a little bit and he's so small he fits in one of Espio's hands. After he's stabilized enough the doctor says they can take him home, it's not usual for a larva to live outside of a cell but as long as they keep a close eye on him he should be fine, he promises.

Bee larva grow over a thousand times their size. And shed their skin(?) several times. And eat a lot. (Also they don't have eyeballs!). So now Vector and Espio have a fussy, constantly hungry, rapidly growing ugly little grub to watch over, because somehow not having legs yet is going to stop Charmy from wriggling out of the crib and nearly falling to the ground. Anyways back to the whole point, pupation is normally done by other bees sealing the cells with beeswax so when they figure Charmy is about to pupate they take him back to the doctor and put him back in the incubator until he makes a cocoon for himself a few days later and they're allowed to take him back home with strict instructions to be very careful, do not shake, avoid extreme temperatures etc etc. You probably won't notice a difference but if the cocoon starts looking misshapen or suddenly becomes a lot darker or lighter or it's been over eight weeks, call me. And they put pupa-Charmy in his crib (that has since been child-locked) with a heat lamp and temperature controls and Vector is a nervous wreck ("Espio does this look lumpy too you. Espio." "It always looks lumpy." "Espio I can see the cocoon getting darker." "The book says that's normal?" "Espio it's been eight weeks should we call the doctor??" "I...don't know.")

Charmy finally breaks out of the cocoon on the absolute last possible day, Vector hears the sound of soft crunching noises on the other side of the room and starts yelling for Espio to get down here quick it's happening and they both watch and Vector's like I should help him right and Espio's like Absolutely Not, just wait >_>. It takes fifteen minutes but it feels like hours and they're both unsure if Charmy will recognize them since he's technically never seen them before? right now he's equivalent to a 3-4 month old so he can't sit up yet but he can notice and look at faces which he does almost immediately, and they stare at each other for a long few seconds until Espio says "happy birthday" and Charmy smiles.

("We're adopting him right." "I thought we already did.")

(And then he started teething a week later.)