entrepreneurs, no matter what they do, think about how to make more
money. Whether you are even a blogger, even the best
or even a novice entrepreneur, reducing production costs is a
not everyone dares to look at the costs of their business. But
sometimes profits can increase not due to increased sales, but by
reducing costs. Let's talk about the most popular saving methods in
and Diversify Suppliers
you work with some counterparties for a long time, then they get a
bad habit. After some time, they "hammer" on you, and begin
to provide services of lower quality. Therefore, regularly audit the
companies you cooperate with.
is also useful. If several firms supply products of similar quality
under similar conditions, cooperate with everyone. And if someone
falls and does not complete the delivery, then your business will not
it is useful to keep only high-level specialized specialists on the
staff. But such specializations as marketing, legal department,
accounting can be outsourced:
costs of organizing jobs are reduced.
pay only for the specific work done, not for the hours spent in the
is much easier to refuse the services of a specialist for
outsourcing than from a staff.
Your Marketing Strategy
every six months, some advertising channels lose their effectiveness,
while others gain. Audit your marketing strategy regularly and change
it depending on the current situation. Pay attention to the following
the effectiveness of discounts and promotions. They do not always
pay for themselves.
the effectiveness of individual advertising channels. Invest in
social media. Some of them are becoming less popular with your
target audience, others are more popular.
the channels that successful competitors are working with. It is
quite possible that you will find interesting ideas.
an Effective Team
and responsible employees must be at the core of your company.
Ideally, they should be like-minded people who root for the product
with all their hearts. Finding such workers will take a lot of time,
effort, and money, but it always pays off. One active employee is
worth hundreds of apathetic individuals. With all the rest, you need
to easily and quickly part. Sometimes it can be extremely difficult
to fire a full-time employee, and therefore introduce the practice of
a probationary period into the company (at least for three months).
Office Rental Costs
about how efficiently you use the square footage of the office. And
in general, how important is the very fact of a separate room to you?
coworking spaces (by the way, their number will increase by 42% by
2022). It is much cheaper to rent several tables in the coworking
space and outsource the rest of the staff.
you do not want to give up the office, but at the same time the area
is not fully used, then you can lease several tables to another
of office supplies;
for the Internet.
an audit and see where you can shrink. Only in no case should you
touch the costs associated with the comfort and loyalty of employees.
These are medicine, entertainment, self-education, workplace
arrangement, and so on.
are online services that help automate some of the processes. For
(organization of business trips);
bots (scheduling interviews, planning meetings, meetings);
(setting tasks within the team and when working with freelancers).
the Right Bank
business is associated with a large number of financial calculations,
at least with the same salary payment. Banks offer special projects
for small, medium, and large businesses. Each has its own bonuses and
privileges. Explore the offers of the most reliable banks in the
country, compare the advantages and choose the one that is right for
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