Las Vegas Small Business Cost Reduction

PROFIT depends on Cost of Doing Business.  Cost Reduction is a must for higher profits.

Small Business and Startup always don’t know they may need Cost Reduction and/or when a Cost problem may “pop up”.  But when need arises, it is better for Small Business and Startup to go to the known and qualified  solutions providers.

BUSINESS COST REDUCTION CURVE

Desirable Cost Reduction Curve

There are many ways to reduce fixed and variable cost per unit:

  1. Lower Labor Cost – Automate repetitive processes
  2. Outsourcing to lower cost countries like India, China.
  3. Do Product and Process Innovation continuously
  4. Remove obsolete products and services, replace them with new ones
  5. Implement new technologies like robotics, IT, Communications, etc.
  6. Better procurement of parts with lower prices
  7. Higher efficiencies – Manufacturing, Services, etc.
  8. Lower capital cost – Refinance, Stop borrowing, lower Credit Card debt, etc.
  9. Higher Productivity = Cost / Process Step
  10. Smart Employees = Educated, Trained, Experienced, Knowledgeable
  11. Pass cost on to Customers i.e. let customer do things you do in-house
  12. Reduce distribution cost
  13. Go Online

 Creating sustainable cost reduction advantage increases competitiveness!

Competitive Advantage through Cost Reduction

Cost Reduction for Competitive Advantage

Another important issue is whether to reduce cost or increase revenue or both?

Connecting Small Businesses to Cost Reduction Solutions Providers located in the Solutions Mall

Connecting Small Businesses to Cost Reduction Solutions Providers located in the Solutions Mall

We will connect you to the Cost Reduction Solutions Providers in our Mall who will help you reduce cost.

Contact us!  

One Comment to Las Vegas Small Business Cost Reduction

  1. […] to Cut your Small Business Costs […]

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