4 Business Expenses You Should Never Cut When Optimizing Your Costs
During challenging times, most organizations are pressured to identify and trim extra expenses as a way of increasing profit margins. The thinking goes that making tough choices today has the potential to encourage greater flexibility and resilience tomorrow. Though leaner organizations are often better equipped to weather crises, making excessive cuts to the wrong activities or programs can hinder growth and adaptability.
How do you achieve business cost optimization without trimming too close to the nail? Start by determining which cuts are off limits. During my recent participation in a TechServe Alliance panel, we identified these four items as expenses you should never eliminate. So, if they’ve been on your mind, it’s time you think again.
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