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Podcast: Belk on Business
Episode: Cutting Costs - Episode 105
Description: Cutting Costs
- Develop a budget with savings plan and follow it. What gets ignored will never be followed.
- Evaluate your physical footprint – remote working, use of space, negotiate lower rate, purchase location.
- Evaluate staffing needs – how much time are your employees spending on essential vs nonessential activities (use software to track), make good hires (spending more on good employee will reap greater benefits than paying less to try to save costs), get rid of dead weight (entitled employees).
- Do you have a product or service you can use...