Too often businesses emphasize increasing sales as the only way to boost profits. Cost-cutting, when done selectively and intelligently, can be a faster way to higher profits. "Trimming the fat" should continually be on every business owner's or manager's mind, and a serious cost-cutting review should be conducted every year or two.
Here are ten ways you may be able to cut costs in your business.
The important thing is to critically review your expenses periodically. Don't wait until a financial crisis develops. Avoid the temptation to make across-the-board cuts, because rarely do all areas of the company contribute equally to its success.
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