Is your company being cost effective?

Saturday, January 30, 2010

If you are like me, you are constantly trying to find ways to minimize your overhead. There are several things you can do to save money, with out lowering quality of service. The first thing you should do is to make a list of all your expenses, then decide if you can lower the amount thats being spent on some of the items.
There are items that are fixed cost such as loan payments, insuarance payments, rent or mortgage of your office space or home. These fixed cost are cost that remains the same month to month. Other items are varibale cost, for instance labor cost, equipment/ and supply cost, fuel (vehicle) expenses, depreciation of vehicles/ and equipment. Variable cost are cost that change month to month, they flucuate often. These are cost you can figure out how to trim excess spending, and then decide how you will lower these cost by being more productive and effecient!


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