Business

4 Business Expenses You Should Never Cut When Optimizing Your Costs

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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First Year at Capstone

Last month I finished my first year working part time at Capstone. That’s long enough to feel like you know a company, and still short enough to be new. I’ve been reflecting about the differences to my 36 years working full time at IBM (38 years if you count my part time student work there.) This is NOT a technical blog post.  …

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