Best Practices: Choosing the Right Customers, Renegotiating Terms, and Controlling Costs

Regardless of a company’s industry or size, controlling costs and expenditures is extremely important. Simply put, it can be a huge challenge for many businesses – small and medium ones, in particular. The need for new technology, talent acquisition and additional inventory puts constant pressure on management to control their expenses efficiently…  But how is this possible for a company with expenditures that are out of control? Or worse yet, what if they rely on cash flow, and have little or no money to put back into the business? Here are some tips that you can use now to control the cost base of your business, as seen below in this infographic – compliments of BrainBoxol.

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