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5 Effective Strategies for General Contractors to Cut Costs

Strategy Driven

In the former case, the owner of the project only has to pay a fixed cost that includes overhead and profit. This is not necessarily the most cost-effective approach. You should prequalify all subcontractors to reduce the risk in case of cost escalation. If not, it’s better to cancel the subscription.

Cost 58
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How Do I Start A Small Business?

Strategy Driven

Mentioning the entire marketing and sales strategy with its amendments, financial projections, procedures of retaining customers. Fixed Costs / (Average Price – Variable Costs) = Break-Even Point –. Clearly mentioning the funding requirements with the specified amount and its typecast.

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Business Plan Development: Know your Finances

Strategy Driven

Your financial projections need to include the key figures that business accounts will show. You will need to make projections of the figures your business will achieve, rather than report on those you have. Set up a spreadsheet projecting sales over the first three years. Income projections. Create an expenses budget.

Finance 10
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What Happens When All Employees Work When They Feel Like It

Harvard Business Review

If you’re good, we’ll find you a project that suits your desires. They now have 12 partners in the firm who manage customer relations and secure and define new client projects. The only thing the consultants (usually ex-McKinsey, Bain, or BCG) are responsible for is to execute these projects to the best of their abilities.

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What BMW’s Corporate VC Offers That Regular Investors Can’t

Harvard Business Review

Only around 20% of technologies funded by CVC&A grab enough attention of business units to start co-innovation pilot projects with portfolio startups. And the fixed cost from “touchpoint-to-pilot” are immense. Could these experiences be replicated and scaled up at BMW?

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When Cost-Plus Pricing Is a Good Idea

Harvard Business Review

Almost every manager I know will claim they hate pricing based only on costs. Yet cost-plus pricing remains the most widespread pricing method, used to price everything from a bottle of beer in a bar to multibillion-dollar infrastructure projects. The idea behind cost-plus pricing is straightforward.

Price 9
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Five Ways to Retain Employees Forever

Harvard Business Review

By making the fixed cost of payroll inherently more variable under differing business conditions, you can make your company more resilient and agile, while also treating your employees exceptionally well. Tie a part of your employees' wages to the company's performance. Relaxation Time.