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Maximising profits without the slash and burn approach

October 20, 2015 By BMN

If a business is not strategic about implementing cost reduction measures, and recklessly downsizes its product offerings or processes, it could damage relationships with clients, reduce productivity and drive down revenue. Most businesses can, however, improve profit margins without having an adverse effect on the business, through focusing on operating efficiency, reducing unused capacity and getting rid of services that customers don’t value. Read more in the following article: http://www.smartcompany.com.au/sponsored/48268-maximising-profits-without-the-slash-and-burn-approach.html

This article was suggested by our mentor Stephen Lovegrove

Filed Under: Small Business News & Tips Tagged With: Costs, Customers, Finance, Profit

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