article thumbnail

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. By financial prequalification, you can get assurance that the subcontractors will be able to absorb any costs overruns. Time and Contract Clause.

Cost 58
article thumbnail

How To Reduce Business Expenses

HR Digest

Cost control is an effective way of keeping your business in shape and that helps your business to strive in varied business environments and economic clause. From hiring and salary negotiation with employees to all business strategies, cost control is a paramount factor. Evaluation staff cost. Hire the right people.

How To 63
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Do I Start A Small Business?

Strategy Driven

Fixed Costs / (Average Price – Variable Costs) = Break-Even Point –. It is a blog where I cover all the tips & tricks related to Mobile and more related to tech. Efficiently and carefully following these steps will lead you towards starting your dream small-scale business. About the Author.

article thumbnail

Business Model Generation : Blog | Executive Coaching | CO2 Partners

CO2

(It is useful to to distinguish between two broad classes of business models Cost Structures: cost cost-driven and value-driven from the following categories Cost-driven, Value-driven. Technology and its role in travel 2.0 Pink Demos Dr. John Sullivan FORA.tv

article thumbnail

Five Ways to Retain Employees Forever

Harvard Business Review

Now we want to supplement that advice with tips for companies on how to make workers want to stick around for decades. 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.

article thumbnail

4 tips for starting a business in a poor economy

Strategy Driven

If you are considering starting a business in this sort of climate, it’s time to read on and find out our four most recommended tips for doing so. The same rules apply to employees, as both of these elements are fixed costs that are going to heap pressure onto your business. The location is crucial.

Tips 65