Cutting Costs Pareto-Style

How do you approach cutting costs when your prices have no upward flexibility, and you need to improve your profit?  Focus on the key costs.  Do the classic pareto analysis of your costs to determine the key ones.  What is your major cost?  That is the one to look at.  How can you reduce that cost?  Spend your energy there.

Tove Rasmussen
THRIVE Business Coaching and Consulting

Business Expertise. Business Growth. Global Enrichment

Photo credit: pshegubj

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