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How To Cut Costs And Expenses In A Business Effective Cost Reduction Strategies In A Small Business
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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
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.
Author :Institute of Management and Administration (IOMA) Publisher :John Wiley & Sons ISBN 13 :1118429028 Total Pages :461 pages Book Rating :4.1/5 (184 download)
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
Author :Institute of Management and Administration (IOMA) Publisher :Wiley ISBN 13 :9780471034254 Total Pages :0 pages Book Rating :4.0/5 (342 download)
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.
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.
Book Synopsis Strategic Cost Reduction by : Tim McCormick
Download or read book Strategic Cost Reduction written by Tim McCormick and published by . This book was released on 2011 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: For many organisations cost reduction has been a priority for sometime. Unfortunately, it can sometimes be undertaken carelessly, or performed so persistently that it can lead to acorporate 'death by a thousand cuts'. This publication fits effective cost reduction into a wider strategic framework: the challenge being to radically reduce costs, while still surviving and prospering. Drawing on helpful theoretical insights, and complemented by New Zealand and overseas case studies and examples, it will be of value to anyone serious about cost reduction in their organisation.
Download or read book Profit Building written by Perry J Ludy and published by Berrett-Koehler Publishers. This book was released on 2000-01-01 with total page 177 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 company's 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 author's four-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.
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.
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 155 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.
Book Synopsis Cut Costs Not Corners by : Colin Barrow
Download or read book Cut Costs Not Corners written by Colin Barrow and published by Kogan Page Publishers. This book was released on 2010-05-03 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cost cutting is an issue for every manager and executive at every level in every company, large or small, public or private sector. Junior managers who are proactively tight on cost are learning good habits for the future, ones that will bring them recognition and advance their climb up the organizational chart. The HR department is now staffed with tough cost managers dealing with the most difficult cost category, people. Marketing departments now focus on how to get higher returns from less spend. Cut Costs Not Corners has a coherent and structured approach to cost cutting as a permanent activity, combined with guidance on the practical steps to take and powerful international case studies. It covers strategic and tactical cost cutting options such as analysing space needs, buying technology for less, selling off redundant assets, reducing credit risk, reviewing distribution methods, sourcing new suppliers or consolidating existing ones, advertising for less, changing the route to market, travel and utility savings, minimising finance and tax costs, crisis measures - freezing recruitment, delaying pay rises, sell and lease back assets - keeping budgets rolling and using a daily cash flow model.
Book Synopsis A Manager's Guide to Creative Cost Cutting by : David W. Young
Download or read book A Manager's Guide to Creative Cost Cutting written by David W. Young and published by McGraw-Hill Companies. This book was released on 2003 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: A PAPERBACK ORIGINAL Practical, creative strategies and solutions for cutting costswithout cutting people In an age of cutting costsno matter the costthe unspoken contract between employer and employee has never been more tenuous. But while trimming payroll may be the easiest answer, it is often far from the best. A Manager's Guide to Creative Cost Cutting presents specific ways that companies can reduce costs without reducing staff, along with implementation plans and real-world case studies and examples. Concise and compelling, it shows today's leaders how to better leverage resources to control spiraling costs while creating a sounder, more stable work environment. Featuring 101 techniques for executives to reduce expenses and expand profits, without disrupting workers' lives and deep-sixing morale, this unique and easy-to-read guidebook: Shows how to uncover hidden costs and then reduce or eliminate them Helps readers overcome 21 common cost-reduction prohibitors Highlights real-world examples, from Intel's unpaid leave to Goodyear's debt negotiation
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.
Book Synopsis HOW TO INCREASE COMPANY PROFITS BY REDUCING COSTS by : Vladimir John
Download or read book HOW TO INCREASE COMPANY PROFITS BY REDUCING COSTS written by Vladimir John and published by Meriglobe Business Academy Ltd.. This book was released on 2016-06-03 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the benefits of cutting company costs may seem obvious, there are many entrepreneurs who neglect to do that. The costs directly affect the level of their income and may also pose a great risk to the company. This e-book teaches entrepreneurs that cost management is relatively simple.TABLE OF CONTENTS: Facts about company costs Distribution of costs Approaches to managing costs Cost risk How to choose the best supplier How to purchase successfully E-auctions Practical advice on how to saveCONCLUDING ADVICE:Buying and selling should be beneficial for everyone
Book Synopsis Driving Down Cost by : Andrew Wileman
Download or read book Driving Down Cost written by Andrew Wileman and published by Nicholas Brealey. This book was released on 2011-01-11 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: With a new preface and a detailed chapter on applying cost reductions to the public sector Drawing on over 25 years consultancy experience running over 50 big one-time, cost-reduction projects internationally, Wileman provides a Cost Management Toolkit of key ideas and cost management strategies for analysing cost-management including procurement and management accounts and looks at how the leadership team needs to take the lead and set the tone on cost. He lays out a set of ideas, approaches, tips and tricks that have worked for him and looks at the sneaky ways cost can be created and the even sneakier, smart ways they can be cut - like getting your customers to do your work for you, or turning cost into revenue. Packed with real-life, international case studies and practical techniques for implementing cost reduction programmes in a period of chaos in the markets and worldwide recession, this new edition could not be more timely.
Book Synopsis Driving Down Cost by : Andrew Wileman
Download or read book Driving Down Cost written by Andrew Wileman and published by Hachette UK. This book was released on 2011-01-11 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to manage budgets and trim costs intelligently.
Book Synopsis How to Cut Costs in Business by : John Allan
Download or read book How to Cut Costs in Business written by John Allan and published by Kogan Page Publishers. This book was released on 1997 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to Cut Costs in Buisness provides step-by-step advice on how to tackle rising costs in all areas of business. It points out the benefits of each cost cutting exercise, as well as how to implement it.
Book Synopsis Cost Reduction: Cut Costs and Maximize Profits by :
Download or read book Cost Reduction: Cut Costs and Maximize Profits written by and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Get concrete strategies for increasing your profits by reducing how much your business spends. Learn how to more effectively manage labor costs, streamline processes, and more.
