Cost-minimization is one of the cornerstones of success in business. For economists, the entire decision-making process of a firm can be reduced to this one simple task. While it may be simple in theory, putting this into practice as a business manager or owner can be difficult. Many businesses …
Cutting Costs Articles and Interviews (tag)
How to Manage Your Money Better
We live in a society that is built on capitalism, and this system will not function properly without money. People have to work in order to enjoy what life has to offer. But even those who do tend to have a lot of money problems. There are certain things which can help you with having better …
Business Frugality: 4 Creative Strategies to Lower Your Costs
If you run a company, then you know that you need to save every penny that you can to turn a profit in business. There are several things you can do that will help save your company money. Here are several that you may want to consider. Relocate Your Company to a College Town You probably don’t …
Overcoming the Challenges of the Trucking Industry
The trucking business can be a lucrative field when it is managed correctly. No matter what parts of our lives end up converting to a digital format, there is no less need to be able to move things from place to place. You can't email someone a package, after all. Because it's such an enduring …
Useful Tips for Getting Your Small Business Back On Its Feet
Small businesses usually don't have enough money to survive through a bad year, so owners have to make careful decisions on how to cut the costs and increase the revenue. Whether it's tough competition, financial obstacles, or being unprepared for rapid growth of business, there are a lot of reasons …
9 Creative, Budget-Friendly Ways to Advertise Your Business
Statista reports that, from 2011 to 2015, businesses in the U.S. spent more than $863 billion total in advertising-related expenses. Furthermore, these costs increase around $10 billion annually, which just goes to show that getting your name, products, and services out there can take a huge chunk …
