There are many kinds of businesses and there are many kinds of businessmen. However, I believe that a person who is an expert at reducing the cost and effectively manages his business at a low budget is the one who is a talented businessman. Most of the people in this great world do not realize that cost can have a great impact on the profits. If you manage the production cost of your goods, you can effectively make more profits as production cost is correlated to the profits. Now I am not at all saying that a businessman should be stingy or a businessman should compromise on the quality of products and services. What I am trying to say is that there are many ways to reduce cost without needing to decrease the quality of your products. So, what do you have to say?