How to Cut Costs and Expenses in a Business - Effective Cost Reduction Strategies in a Small Business

How to Cut Costs and Expenses in a Business - Effective Cost Reduction Strategies in a Small Business

Author: Meir Liraz

Publisher: Independently Published

Published: 2019-03-13

Total Pages: 26

ISBN-13: 9781090402646

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Increasing profits through cost reduction must be based on the concept of an organized, planned program. Unless adequate records are maintained through a proper accounting system, there can be no basis for ascertaining and analyzing costs. Cost reduction is not simply attempting to slash any and all expenses unmethodically. The owner-manager must understand the nature of expenses and how expenses inter-relate with sales, inventories, cost of goods sold, gross profits, and net profits. My name is Meir Liraz and I'm the author of this book. According to Dun & Bradstreet, 90% of all business failures analyzed can be traced to poor management. This is backed up by my own experience. In my 31 years as a business coach and consultant to businesses, I've seen practically dozens of business owners fail and go under -- not because they weren't talented or smart enough -- but because they were trying to re-invent the wheel rather than rely on proven, tested methods that work. And that is where this book can help, it will teach you how to avoid the common traps and mistakes and do everything right the first time. Table of Contents: 1. Introduction 2. Paying The Right Price 3. Analyzing Your Expenses 4. Break-Even Analysis 5. Locating Reducible Expenses 6. Taking Action 7. Introduction to Financial Management


Book Synopsis How to Cut Costs and Expenses in a Business - Effective Cost Reduction Strategies in a Small Business by : Meir Liraz

Download or read book How to Cut Costs and Expenses in a Business - Effective Cost Reduction Strategies in a Small Business written by Meir Liraz and published by Independently Published. This book was released on 2019-03-13 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increasing profits through cost reduction must be based on the concept of an organized, planned program. Unless adequate records are maintained through a proper accounting system, there can be no basis for ascertaining and analyzing costs. Cost reduction is not simply attempting to slash any and all expenses unmethodically. The owner-manager must understand the nature of expenses and how expenses inter-relate with sales, inventories, cost of goods sold, gross profits, and net profits. My name is Meir Liraz and I'm the author of this book. According to Dun & Bradstreet, 90% of all business failures analyzed can be traced to poor management. This is backed up by my own experience. In my 31 years as a business coach and consultant to businesses, I've seen practically dozens of business owners fail and go under -- not because they weren't talented or smart enough -- but because they were trying to re-invent the wheel rather than rely on proven, tested methods that work. And that is where this book can help, it will teach you how to avoid the common traps and mistakes and do everything right the first time. Table of Contents: 1. Introduction 2. Paying The Right Price 3. Analyzing Your Expenses 4. Break-Even Analysis 5. Locating Reducible Expenses 6. Taking Action 7. Introduction to Financial Management

Cut Costs, Grow Stronger : A Strategic Approach to What to Cut and What to Keep

Cut Costs, Grow Stronger : A Strategic Approach to What to Cut and What to Keep

Author: Paul Leinwand

Publisher: Harvard Business Press

Published: 2009-07-15

Total Pages: 64

ISBN-13: 1422161803

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For most companies, cost cutting in a down economy means across-the-board slashing that "spreads the pain" of budget reductions across many departments. While that may sound like the best approach for getting critical results fast and for limiting political infighting, it is a mistake-one that will leave your company weaker, not just smaller. Instead, companies that need to reduce costs should treat the challenge as an opportunity to identify and reinforce their key capabilities, while divesting from those activities that do not truly reflect the business's strengths or long-term goals. This more strategic approach will make your company more resilient as tough times continue and more robust as recovery begins. In Cut Costs, Grow Stronger, an e-book published as part of the Harvard Business Press Memo to the CEO series, Booz & Company's Shumeet Banerji, Paul Leinwand and Cesare Mainardi provide executives with the tools they need to rapidly implement capabilities-driven cost reduction. First they demonstrate how to identify and clearly articulate your company's key capabilities-not just core competencies or skill sets, but those very few strengths that, in combination, define how your organization competes. You can then use this information to create your company's unique blueprint for effective and efficient cost reduction. The authors' detailed, step-by-step framework walks you through the process, which can be completed in as little as two or three months-it's something that you can do now. This practical guide to capabilities-driven cost-cutting is the tool executives need to confront the challenge of today's economy while strengthening the foundation for what will set their company apart in the future.


Book Synopsis Cut Costs, Grow Stronger : A Strategic Approach to What to Cut and What to Keep by : Paul Leinwand

Download or read book Cut Costs, Grow Stronger : A Strategic Approach to What to Cut and What to Keep written by Paul Leinwand and published by Harvard Business Press. This book was released on 2009-07-15 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: For most companies, cost cutting in a down economy means across-the-board slashing that "spreads the pain" of budget reductions across many departments. While that may sound like the best approach for getting critical results fast and for limiting political infighting, it is a mistake-one that will leave your company weaker, not just smaller. Instead, companies that need to reduce costs should treat the challenge as an opportunity to identify and reinforce their key capabilities, while divesting from those activities that do not truly reflect the business's strengths or long-term goals. This more strategic approach will make your company more resilient as tough times continue and more robust as recovery begins. In Cut Costs, Grow Stronger, an e-book published as part of the Harvard Business Press Memo to the CEO series, Booz & Company's Shumeet Banerji, Paul Leinwand and Cesare Mainardi provide executives with the tools they need to rapidly implement capabilities-driven cost reduction. First they demonstrate how to identify and clearly articulate your company's key capabilities-not just core competencies or skill sets, but those very few strengths that, in combination, define how your organization competes. You can then use this information to create your company's unique blueprint for effective and efficient cost reduction. The authors' detailed, step-by-step framework walks you through the process, which can be completed in as little as two or three months-it's something that you can do now. This practical guide to capabilities-driven cost-cutting is the tool executives need to confront the challenge of today's economy while strengthening the foundation for what will set their company apart in the future.

Cost Reduction and Control Best Practices

Cost Reduction and Control Best Practices

Author: Institute of Management and Administration (IOMA)

Publisher: John Wiley & Sons

Published: 2012-07-03

Total Pages: 461

ISBN-13: 1118429028

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Cost Reduction and Control Best Practices provides financial manages with no-nonsense, balanced, and practical strategies that are being targeted and used nationwide for controlling costs by thousands of companies in areas such as human resources, compensation, benefits, purchasing, outsourcing, use of consultants, taxes, and exports. These best practices are based on the trenches experience, research, proprietary databases, and consultants from the Institute of Management and Administration (IOMA) and other leading experts in their fields. * Provides best practices and techniques for controlling costs within a company * New chapters focus on outsourcing costs, downsizing, consultants' costs, and business tax costs * Provides the latest strategies companies re using to control costs


Book Synopsis Cost Reduction and Control Best Practices by : Institute of Management and Administration (IOMA)

Download or read book Cost Reduction and Control Best Practices written by Institute of Management and Administration (IOMA) and published by John Wiley & Sons. This book was released on 2012-07-03 with total page 461 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cost Reduction and Control Best Practices provides financial manages with no-nonsense, balanced, and practical strategies that are being targeted and used nationwide for controlling costs by thousands of companies in areas such as human resources, compensation, benefits, purchasing, outsourcing, use of consultants, taxes, and exports. These best practices are based on the trenches experience, research, proprietary databases, and consultants from the Institute of Management and Administration (IOMA) and other leading experts in their fields. * Provides best practices and techniques for controlling costs within a company * New chapters focus on outsourcing costs, downsizing, consultants' costs, and business tax costs * Provides the latest strategies companies re using to control costs

Start and Run a Profitable Exporting Business

Start and Run a Profitable Exporting Business

Author: Laurel J. Delaney

Publisher: Global TradeSource Ltd

Published: 1998

Total Pages: 252

ISBN-13: 9781551801391

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Ten key ways to becoming a global player and succeeding in the lucrative export field


Book Synopsis Start and Run a Profitable Exporting Business by : Laurel J. Delaney

Download or read book Start and Run a Profitable Exporting Business written by Laurel J. Delaney and published by Global TradeSource Ltd. This book was released on 1998 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ten key ways to becoming a global player and succeeding in the lucrative export field

2,001 Innovative Ways to Save Your Company Thousands and Reduce Costs

2,001 Innovative Ways to Save Your Company Thousands and Reduce Costs

Author: Cheryl L. Russell

Publisher: Atlantic Publishing Company

Published: 2007

Total Pages: 354

ISBN-13: 0910627770

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For the small business owner, every dollar you can save by reducing costs goes directly to the bottom line in increased profits. This book details over 2,000 specific ways that your company can reduce costs. It includes practical advice on many innovative ways to cut costs in almost every area of your business.


Book Synopsis 2,001 Innovative Ways to Save Your Company Thousands and Reduce Costs by : Cheryl L. Russell

Download or read book 2,001 Innovative Ways to Save Your Company Thousands and Reduce Costs written by Cheryl L. Russell and published by Atlantic Publishing Company. This book was released on 2007 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: For the small business owner, every dollar you can save by reducing costs goes directly to the bottom line in increased profits. This book details over 2,000 specific ways that your company can reduce costs. It includes practical advice on many innovative ways to cut costs in almost every area of your business.

Cost Reduction and Control Best Practices

Cost Reduction and Control Best Practices

Author: Institute of Management and Administration (IOMA)

Publisher: Wiley

Published: 2002-02-13

Total Pages: 0

ISBN-13: 9780471034254

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The official IOMA source for tips, techniques, strategies, and best practices in corporate cost-cutting This book is an authoritative and comprehensive collection of the best strategies and techniques being used to control costs across virtually every business function. Each chapter focuses on a different department or function and is built around original research, the latest strategies currently being used, and dozens of practical tips and tactics from managers around the country. Case studies and real examples illustrate this expert guide from the only truly definitive source-the Institute of Management and Administration. The book offers specific techniques and proven best practices on cutting costs in the following areas: Human resources Benefits Compensation 401(k) plans HRIS Training and development Accounting Accounts payable Credit and collections Accounting systems Logistics Purchasing Inventory Mail center Export Ideal for managers facing a crunch, financial officers trimming budgets, and small business owners who need fresh ideas for cutting costs, Cost Reduction and Control Best Practices is the ultimate resource for controlling costs simply and effectively.


Book Synopsis Cost Reduction and Control Best Practices by : Institute of Management and Administration (IOMA)

Download or read book Cost Reduction and Control Best Practices written by Institute of Management and Administration (IOMA) and published by Wiley. This book was released on 2002-02-13 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The official IOMA source for tips, techniques, strategies, and best practices in corporate cost-cutting This book is an authoritative and comprehensive collection of the best strategies and techniques being used to control costs across virtually every business function. Each chapter focuses on a different department or function and is built around original research, the latest strategies currently being used, and dozens of practical tips and tactics from managers around the country. Case studies and real examples illustrate this expert guide from the only truly definitive source-the Institute of Management and Administration. The book offers specific techniques and proven best practices on cutting costs in the following areas: Human resources Benefits Compensation 401(k) plans HRIS Training and development Accounting Accounts payable Credit and collections Accounting systems Logistics Purchasing Inventory Mail center Export Ideal for managers facing a crunch, financial officers trimming budgets, and small business owners who need fresh ideas for cutting costs, Cost Reduction and Control Best Practices is the ultimate resource for controlling costs simply and effectively.

Tune-Up Your Small Business

Tune-Up Your Small Business

Author: Raewyn Sleeman

Publisher: Business Expert Press

Published: 2024-03-26

Total Pages: 343

ISBN-13: 1637425848

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Tune-Up Your Small Business is the ideal guide for small business owners who want to achieve their personal and professional goals by making their businesses more successful. This book focuses on making regular, small changes that can lead to significant improvements over time. Through stories of small businesses that have grown by following the advice in this book, it offers inspiration and practical advice. Dr Sleeman provides easy-to-follow steps to help you define what makes your business unique, communicate effectively with your customers, and present your business accurately online. The book also advises on how to get better by listening to customers, ensuring your team delivers the best service, and discovering what customers are looking to purchase. You will find simple advice on how to price your services and reduce expenses without losing value. This book is a step-by-step guide to developing your business steadily and effectively.


Book Synopsis Tune-Up Your Small Business by : Raewyn Sleeman

Download or read book Tune-Up Your Small Business written by Raewyn Sleeman and published by Business Expert Press. This book was released on 2024-03-26 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tune-Up Your Small Business is the ideal guide for small business owners who want to achieve their personal and professional goals by making their businesses more successful. This book focuses on making regular, small changes that can lead to significant improvements over time. Through stories of small businesses that have grown by following the advice in this book, it offers inspiration and practical advice. Dr Sleeman provides easy-to-follow steps to help you define what makes your business unique, communicate effectively with your customers, and present your business accurately online. The book also advises on how to get better by listening to customers, ensuring your team delivers the best service, and discovering what customers are looking to purchase. You will find simple advice on how to price your services and reduce expenses without losing value. This book is a step-by-step guide to developing your business steadily and effectively.

Profit Building

Profit Building

Author: Perry Ludy

Publisher: ReadHowYouWant.com

Published: 2010-08

Total Pages: 230

ISBN-13: 1458795306

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Improving Profit is the number one objective of business leaders, yet most do not truly understand how to move beyond the basics when it comes to cost reduction for profit improvement. Typically, a companys response to reducing cost is to reduce the workforce. People are laid off in large numbers and dollars are saved--or so it seems. This is a mistake, a short-term solution. Profit Building provides a better approach, one that focuses on profit improvement as a stand-alone process, demonstrating how an organization can achieve its goals to improve profitability and reduce cost through a proven method based on team innovation management. Perry J. Ludy offers a hands-on guide that shows managers how to move profit and loss financial reviews beyond the basics to creative solutions and genuine action plans. Using the authors five-step Profit Building Process (PBP), Profit Building shows how to organize teams with the specific purpose of improving profit--while providing an opportunity for employees to participate in developing cost reduction strategies so that profit improvement is perpetual. A system of step-by-step activities designed to produce immediate and continuous results, the PBP shows managers how to apply concepts from prior learning--such as teams, innovation management, and performance improvement planning--to create tailor-made strategies for any organization. And it introduces """"Questions Brainstorming,"""" a new twist to traditional brainstorming that fosters avid group participation resulting in better solutions. In order to achieve success beyond today, business leaders must leverage all resources available within the organization to improve profit, reduce cost, and create a better place to work. Profit Building is an executive handbook and a quick desk reference for managers that shows how to do just that.


Book Synopsis Profit Building by : Perry Ludy

Download or read book Profit Building written by Perry Ludy and published by ReadHowYouWant.com. This book was released on 2010-08 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Improving Profit is the number one objective of business leaders, yet most do not truly understand how to move beyond the basics when it comes to cost reduction for profit improvement. Typically, a companys response to reducing cost is to reduce the workforce. People are laid off in large numbers and dollars are saved--or so it seems. This is a mistake, a short-term solution. Profit Building provides a better approach, one that focuses on profit improvement as a stand-alone process, demonstrating how an organization can achieve its goals to improve profitability and reduce cost through a proven method based on team innovation management. Perry J. Ludy offers a hands-on guide that shows managers how to move profit and loss financial reviews beyond the basics to creative solutions and genuine action plans. Using the authors five-step Profit Building Process (PBP), Profit Building shows how to organize teams with the specific purpose of improving profit--while providing an opportunity for employees to participate in developing cost reduction strategies so that profit improvement is perpetual. A system of step-by-step activities designed to produce immediate and continuous results, the PBP shows managers how to apply concepts from prior learning--such as teams, innovation management, and performance improvement planning--to create tailor-made strategies for any organization. And it introduces """"Questions Brainstorming,"""" a new twist to traditional brainstorming that fosters avid group participation resulting in better solutions. In order to achieve success beyond today, business leaders must leverage all resources available within the organization to improve profit, reduce cost, and create a better place to work. Profit Building is an executive handbook and a quick desk reference for managers that shows how to do just that.

Cutting Costs

Cutting Costs

Author: Fred H. Neu

Publisher: Bloomsbury Publishing USA

Published: 2013-02-20

Total Pages: 252

ISBN-13: 1440829241

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Addressing a topic of critical importance to every business, this book provides managers at all levels the tools to conduct a successful cost-cutting and productivity-improvement program. Cost cutting and improving productivity are objectives that have always been—and continue to be—critically important to businesses. Today, being efficient isn't simply "best practice;" it's essential to preventing layoffs and facility closures. In Cutting Costs: Successful Strategies for Improving Productivity, a certified management consultant with nearly four decades of experience presents his highly relevant and extensive knowledge to help businesses make significant improvements and be more successful. Providing a practical progression of information that is simple to understand and easy to put to use and benefit from, Fred H. Neu's advice and insights will be invaluable to all business owners, managers with budget responsibility, business finance and accounting professionals, management consultants, business school instructors, and business school students.


Book Synopsis Cutting Costs by : Fred H. Neu

Download or read book Cutting Costs written by Fred H. Neu and published by Bloomsbury Publishing USA. This book was released on 2013-02-20 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Addressing a topic of critical importance to every business, this book provides managers at all levels the tools to conduct a successful cost-cutting and productivity-improvement program. Cost cutting and improving productivity are objectives that have always been—and continue to be—critically important to businesses. Today, being efficient isn't simply "best practice;" it's essential to preventing layoffs and facility closures. In Cutting Costs: Successful Strategies for Improving Productivity, a certified management consultant with nearly four decades of experience presents his highly relevant and extensive knowledge to help businesses make significant improvements and be more successful. Providing a practical progression of information that is simple to understand and easy to put to use and benefit from, Fred H. Neu's advice and insights will be invaluable to all business owners, managers with budget responsibility, business finance and accounting professionals, management consultants, business school instructors, and business school students.

Digital Technologies in Teaching and Learning Strategies

Digital Technologies in Teaching and Learning Strategies

Author: Alexandr Lyapin

Publisher: Springer Nature

Published: 2022-05-03

Total Pages: 288

ISBN-13: 3031051750

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This book demonstrates the benefits and drawbacks of using digital technology in preparing online lessons and educational activities. The experience of the last year has shown that online education is becoming a priority. This gave impetus to the creation and development of a new generation of equipment for online education. The book presents latest innovative technologies and modern digital trends in the field of information and communication technology for online education, including personalized learning, neuro-information systems, mobile learning, development of software and hardware infrastructure, and the use of robotics technologies. Key technologies for managing risk and cybersecurity, such as cloud and data security, identity and trust convolution systems, computational intelligence and cryptography techniques, malware and attack analysis, are presented. The topic of cybersecurity is one of the most important issues in the modern digital world. The results of the research on recently developed software, decision support systems, and cloud technologies make a huge contribution to the development of information technology in the context of digitalization. This book is of interest for developers of applications and programs for online education, for software and hardware suppliers who want to keep up with the times and reorient existing IT systems for use in online education.


Book Synopsis Digital Technologies in Teaching and Learning Strategies by : Alexandr Lyapin

Download or read book Digital Technologies in Teaching and Learning Strategies written by Alexandr Lyapin and published by Springer Nature. This book was released on 2022-05-03 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book demonstrates the benefits and drawbacks of using digital technology in preparing online lessons and educational activities. The experience of the last year has shown that online education is becoming a priority. This gave impetus to the creation and development of a new generation of equipment for online education. The book presents latest innovative technologies and modern digital trends in the field of information and communication technology for online education, including personalized learning, neuro-information systems, mobile learning, development of software and hardware infrastructure, and the use of robotics technologies. Key technologies for managing risk and cybersecurity, such as cloud and data security, identity and trust convolution systems, computational intelligence and cryptography techniques, malware and attack analysis, are presented. The topic of cybersecurity is one of the most important issues in the modern digital world. The results of the research on recently developed software, decision support systems, and cloud technologies make a huge contribution to the development of information technology in the context of digitalization. This book is of interest for developers of applications and programs for online education, for software and hardware suppliers who want to keep up with the times and reorient existing IT systems for use in online education.