Thayne Carper – Business Turnaround and Cost Reduction Simplified

Insider Secrets the Pros Use to Cut Costs! Every business needs to focus on cost control but smaller businesses don’t always have the time or experience to effectively cut and control costs. Learn the insider cost reduction strategies and secrets on lowering costs. Get Updates on the Official Release! Name: Email: We respect your email...

Audit Savings to Ensure Productive Cost Reduction Measures

After implementing cost reduction measures, you must ensure that these savings are recorded. After all, it wouldn’t make sense to initiate these measures only to forget about them or not understand exactly what you did and how much you saved. To properly audit your savings, you should rehash exactly what you have done. It would help to compose a document with bullet points or numbers carefully outlining in great detail...

Eliminate Unnecessary Paper Flow

Businesses often waste considerable time and money on unnecessary paper flow. Employees often find their inboxes inundated with various, costly reports outlining insignificant matters that are discarded after a two-second glance over (sometimes less). During presentations, an employee may print out hundreds of pages to be bound and handed to various people in the room even though these materials are virtually ignored...

Happy Employees are Productive Workers: Boosting Morale in the Workplace to Reduce Labor Costs

Studies have shown that organizations with high morale and happy employees are more profitable and have lower labor costs. The success of an organization is dependent upon upper management, which sets the overall mood of the company. High morale is achieved when 70 percent of employees report they are satisfied with their current job. The same study indicates companies who nurture their employees achieve higher productivity...

Lowering 401k Costs

There are basically three different kinds of 401(k) fees and expenses. The first are investment fees, which are based on a percentage of the invested assets. These payments are deducted from the investor’s investment returns and are not specifically identified on investment statements. Next, there are basic administrative services fees, i.e. accounting and plan record keeping that can be superfluous. There are also...

Using Employee Feedback to Cut Costs and Increase Productivity in Growing Businesses

Employees are the driving force behind your organization and are responsible for the daily operations of the company. As valuable resources, employees are impacted the most by new policies, procedures, or other changes in the day-to-day operation of the company. As seen by the NBC documentary series, Undercover Boss, plans to increase productivity and cut costs may have the opposite effect. Miscommunication is a growing...

Are your Non-Core Expenses Bringing you Down?

Cutting costs requires eliminating noncore expenses. First, consider doing an inventory of your assets. You should take the time to look over your property, furniture, equipment and all other assets, and then document what you have. It’s likely that a lot of your recorded assets no longer exist, which means you have probably been paying too much in insurance and property taxes. By doing this inventory, you will...

Surviving in a Globalized Economy – Proven Techniques to Level the Playing Field

Globalization impacts American businesses and affects the nation’s ability to remain the leader of innovation and sustainable growth. Globalization creates a unified playing field that connects millions of users across the world to a wide array of products or services produced outside of the country. As such, it is a growing concern as companies outsource employment opportunities, capitalizing on the distress of third world...

Cost Reduction vs. Growth? You Decide.

If you’re thinking about shoveling tons of cash to fuel growth strategies this year you may want to read the following blog post: Here is an example illustrating the power of a cost reduction strategy versus a growth strategy for a company with $10 million in annual sales. A company with $10,000,000 in annual product or service sales will generally have a 5% pretax profit margin and the other 95% of costs are made up of...

Maximizing Profits by Lowering Health Care Costs in an Obamacare Society

Health care costs are a growing concern amongst small and large business owners throughout America. The cost of medicine in the United States is out of control, with the average CT Scan or MRI costing thousands of dollars. Simple and complex treatments, office visits, and procedures are costing employers millions of dollars while decreasing the profitability of their organizations. Because of the rising health care costs,...

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