Would you agree that a key to running a successful business today is controlling costs? If you answered “yes,” you probably know two other things.
First, in an environment where consumer confidence is low and the cost of goods and services is climbing higher, finding savings can be more challenging than finding sales. Second, a 1 percent savings can have the same effect as 10 percent growth in top-line sales. Either could increase your profit by 2 percent.
Unless you are always questioning, “Are we doing everything we can to keep our costs down,” your business could benefit from adopting a “No-Drip Culture.” Continue reading