article thumbnail

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. Fortunately, there are several strategies to use for reducing operational costs and ensuring that a small business remains profitable. Below are eight effective ways to reduce operational costs in your small business.

article thumbnail

Cryptomining affects local energy prices

The Horizons Tracker

The paper estimates that the cryptomining operations in New York are enough to elevate the annual electricity bills of local businesses by around $165 million and for individuals by $79 million, all while providing minimal economic benefits to the local region.

Energy 111
Insiders

Sign Up for our Newsletter

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

article thumbnail

Has Covid-19 Made Tourists More Price Sensitive?

The Horizons Tracker

New research from Queen Mary University of London highlights how tourists might be more price sensitive in the wake of the pandemic. The study found that tourists were more easily bothered by higher prices on offer alongside the lingering threat of infectious diseases. ” .

Price 117
article thumbnail

Adaptive Pricing Required To Cope With The Rise In Electric Vehicles

The Horizons Tracker

New research from the University of Cologne suggests that a new, more adaptive pricing structure will be required to ensure grid stability. The researchers believe that grid operators and energy providers can use such adaptive pricing to influence the demand for electric vehicle charging, and therefore reduce any risk of instability.

Price 90
article thumbnail

What’s Your Time Worth? Why Pricing Matters

N2Growth Blog

Are you shooting yourself in the foot with your pricing strategy? What does your pricing say about your personal or corporate brand? Do you have a pricing strategy, or do you set your prices by some ethereal or arbitrary method? How much is your time worth?

Price 325
article thumbnail

Why Putting Your CMO in Charge of Pricing May Be the Best Decision You Can Make

CEO Insider

A study conducted a few years ago analyzed the impact of five operating levers—price; revenue; cost of goods sold (COGS); selling, general, and administrative expenses; and research and development—on the bottom line of any business. The study […]. Copyright The CEOWORLD magazine Limited 2021. All rights reserved.

Price 104
article thumbnail

Tools For Vets: 5 Software Tools For Veterinarian Office Operations

Strategy Driven

That is why veterinarians need to utilize an inventory management tool to automate and improve operations, lessen inaccuracies, reduce costs, and increase profits. Could it be about the brand and pricing? Every software tool above will help enhance the quality and efficiency of a veterinarian office’s operations.

Tools 113