When a business owner looks at a Profit & Loss Statement it’s pretty clear which items impact the cost of doing business: payroll; rent; utilities; purchase price of inventory; etc. Read more
Tag: Cost
Small Business Owners: Low Cost Marketing Strategies to Increase Profits
Have you ever wondered if you could think of a marketing idea that can propel your business to sky. Like, Wendy’s commercial in the 1980’s ‘Where’s the beef’, Coke ad Read more
10 Most Expensive Tax Mistakes That Cost Real Estate Agents Thousands
Are you satisfied with the amount of taxes you pay? Are you confident that you’re taking advantage of every available tax break? But most of all, is your tax preparer Read more
Free and Very Low Cost Online Marketing Alternatives That Will Save You a Fortune
The very best method of growing a residual income. Starting out a website advertising business is likely the ideal technique of growing a residual income and simultaneously reaching financial independence. Read more
50 Ideas For Increasing Profits and Cost Reduction
Do you want to know 50 great profit building ideas that you can put to immediate use in your business to increase profits and reduce costs? If yes, read all Read more
How to Manage a Restaurant – Labor Cost
Labor Cost Awareness Controlling your labor cost is one of the most important factors in managing your business. Chances are if you do not monitor your labor you are most Read more
The Cost of Unionization
As the uncertainty of the current economic crisis wages on, union representation may seem more appealing than ever to workers who are concerned about job security, wages, and benefits. The Read more
Prime Cost – Over 57% Can Spell Trouble
Although “Prime Cost” is rarely found as a line item on a restaurant P&L allowing an excessive prime cost is a key contributor to failure in the hospitality. We all Read more
Effective Activity-Based-Costing and Optimal Cost Management
How do firms choose their overhead cost assignment? How do firms choose optimal cost management based on critical production activities that create and capture values? What is the nature and Read more
Cost Accounting: The Missing Component of Supply Chain Management
One of the first questions I ask our Warehouse Management students is, “Do you know your operating costs?”, and our Production Planning Management students, “Do you know the cost to Read more