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Business strategy
How to decrease business expenses without compromising quality
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[QUOTE="Augusta, post: 292029, member: 25283"] All business customers need quality products for their satisfaction. As a business owner you would want to satisfied your customers to keep them coming back So the best bet will be to decrease your expenses but there should be no compromise with your products when it comes to it's quality. So how can you achieve this; Reduce unnecessary workers Rewards Yes it is good to give incentives to workers for working overtime but . review these benefits and bonuses if when you cut it out or down it wouldn't effect the quality of your products manufactured then it might just be time to shut it down ri reduce the expenses that comes with it. Train workers in Essential Skills Instead of employing professionals and paying out big salaries to them every month, you can increase quality and cut costs by training your existing workers and putting them in essential positions to perform. At the end of the day, you would have skillful hands operating the business but at a lower cost but having higher quality work. Regular schedule of maintenance of Equipment You would cut cost when you keep equipment operating reliably. There will be reduction in repairing the same equipment over and over which will reduce expenses in the business Add yours [/QUOTE]
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How to decrease business expenses without compromising quality
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