Authored Articles

4 Smart Ways to Cut Business Costs

In today’s challenging business environment, keeping costs under control is crucial. While staff reduction is, without a doubt, one of the quickest ways for a business to cut costs it is not always the best cost-cutting strategy. Reduced productivity can stem from...

Follow These Suggestions for Better Pricing Decisions

Every aspect of your business, including long-term viability, short-term profits, market share and customer loyalty are all affected by the prices you set for your products and services.  There is no perfect answer to this important decision, but you can use the...

Sunk Costs Could Lead to Bad Business Decisions

Are you afraid that pulling the plug on a failed contract would be “wasting all the money” your business has spent so far? That could mean sunk costs are causing you to make your decision based on emotion.  Expenses spent on non-performing contracts, for example, are...

Good Communication Keeps Your Customers Happy

Attracting new customers requires a great deal of effort so you want to keep them as long as possible once you’ve attained them.  One thing that can help keep your customers happy is good communication.  You will want to keep your customer in mind at each stage of the...

Maintaining Accurate Inventory Numbers is Crucial

Inventory is a significant dollar amount on the company’s financial statements. It is critical that recorded inventory balances are true. When these accounts aren’t properly stated, the cost of goods sold and current ratios – numbers that often matter to...

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