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Cost
Reduction Tools
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Dear
Business Solutions,
I was wondering if you could tell me 3 or 4 different techniques used in
both cost control and cost reduction. Any help you could give would be
greatly appreciated.
Thank you,
Code
name: psychodykes
Dear
psychodykes, you’ve written at an opportune moment. I’ve been burning the
midnight oil for the past months to write and polish a powerful new book
dedicated to small and mid-sized business profitability. “Instant Profits:
Making Your Business Pay” will be available in electronic book format in mid
June.
“Instant Profits” includes:
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Over 235 tools, tips, and shortcuts to increasing profits (revenue, loss
and expense) |
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60 shortcuts |
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60 tools and profit principles with explanations on how to use them |
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Examples for the application for many of these |
Each
of the chapters begins with stories of business-people who are trying to get
out of financial trouble or increase the value of their businesses. The
chapters conclude with the methods they used and more.
But
to answer your question directly, a few of my favorite techniques for cost
reduction include the following:
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Waste and loss reduction analysis and control |
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Contribution margin analysis |
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Zero-base budgeting |
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Business planning and forecasting |
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Ratio analysis |
Obviously, I would have to know much more about your business to be able to
determine which of these or the additional 200+ more in the book will be of
use to you. I am sure some will but I cannot prescribe in the dark.
Since “Instant Profits:
Making Your Business Pay” incorporates over three decades of real business
success, I highly recommend it to you and anyone else who is in business or
wants to be.
Good
luck,
Steven C. Martin
Business Solutions – The
Positive Way
Get your
costs and bottom line
profits under control
now
  
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