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Cutting Business Expenses Through Unconventional Methods

 
  Arthur F. Rothberg, Managing Director, CFO Edge, LLC  
   
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  Article Summary  
In these challenging economic times, many companies are looking for ways to reduce expenditures.

While the first instinct for struggling businesses can be to cut payroll and institute layoffs, this is not always in the business’ long-term interests.

The article suggests some outside-the-box ways to streamline operations and reduce expenditures.

Alternative cost-saving measures can be combined with staffing assessments to make sure the workforce is being used to its full potential. In tandem, these actions go a long way to improve profitability without requiring layoffs.

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