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Five Strategies to Cut Costs as a New Business

Strategy Driven

As a business owner, you need to be looking at ways to make your enterprise more cost-efficient. Here are five strategies to help you cut costs as a new business, which one will you try first? Outsource Effectively Outsourcing is a key way to grow a business while keeping an eye on costs.

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The Cost of Ignoring Employees? 120% Of Annual Income or $0.35 / Share, Southwest Airlines Discovers

Modern Servant Leader

The result is a case study in the cost of ignoring employees. Ultimately, this lead to the costly operational failure and reputational damage​​. The post The Cost of Ignoring Employees? The root-cause of Southwest’s meltdown? Leadership’s failure to heed their employees. Per Share Impact : Or $0.35

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How to Reduce Operational Costs for Your Small Business 

Strategy Driven

For small business owners, reducing operational costs is essential for the success of the company. With rising overhead expenses and competition from larger companies, it can be difficult to keep up with the ever-increasing costs associated with running a business. Sell yourself as someone who will give them a lot of business.

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Changing The Talent Equation: From Expense to Asset

Rich Gee Group

In business, the adage "penny wise and pound foolish" often describes a short-sighted approach to cost management that undermines long-term success. Reduced turnover saves costs associated with recruiting, hiring, and training new employees.

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5 Fleet Management Hacks to Keep Your Company Costs Low

Strategy Driven

Reducing operating costs while maintaining high levels of service can be a challenge, but by implementing strategic fleet management hacks, businesses can achieve significant savings. By streamlining operations and reducing costs, businesses can improve their bottom line and ultimately increase their competitiveness in the market.

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Navigating Company Car Shipping Costs: Tips For Fleet Management

Strategy Driven

For companies that rely on a fleet of vehicles, managing car shipping costs can be a significant challenge. The cost of shipping company cars can quickly add up, especially if you’re not taking steps to minimize expenses. Open transport is the most common type of car shipping service and is typically the most cost-effective.

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Unlocking Excellence: The Role of a Chief Procurement Officer

N2Growth Blog

By utilizing this knowledge, the CPO can streamline procurement processes, cut costs, and create value for the organization. By working closely with suppliers, the CPO can consistently deliver high-quality products or services, mitigate risks, and seize opportunities for cost savings and process efficiency.