Going The Extra Mile
Entrepreneur's 4th Annual Business Travel Awards.
Business owners travel differently than employees on business trips. They pay for their travel expenses out of their own pockets, with no generous corporate expense accounts to fall back on.
The bad news for you business owners: Business travel costs rose to record levels last year. In a recent survey, American Express found that travel and entertainment expenses were the "third-largest controllable expense" for its mostly Fortune 500 client base. But for small companies with aspirations to grow, travel and entertainment is probably the largest controllable expense.
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