As cost reduction consultants we are a little obsessed with getting business costs down and improving profitability. We have done this for hundreds of businesses and there’s not been a business yet where we haven’t been able to find some sort of saving.
That’s not to say that we save money in business and recommend efficiencies without thinking about the possible implications. We know from experience that some cost cuts are more equal than others. Whilst we do recommend some ruthlessness in assessing your business costs, we do insist that you think carefully about which potential cost savings to implement and about which to think through a little more.
Here are three examples of where business cost cuts could be made but that may not work for your specific business in practice. [Read more…]