CFO Edge Logo
  Home > Resources > Strategic Cost Cutting Article  
     
 

What To Do When Your Clients Are Navigating Rough Waters

 
  Arthur F. Rothberg, Managing Director, CFO Edge, LLC  
   
  Open as PDF Open the entire article as a PDF  
     
  Article Summary  
While recent data indicates that the economy is growing, albeit very slowly, many Los Angeles and Southern California businesses are still navigating rough waters. This is especially true for businesses that suffered disproportionately to other businesses during the downturn, or those whose product lines are in an industry niche that has yet to recover from the downturn.

Business owners and executives of firms facing this dilemma are often faced with difficult choices. Should they cut expenses in an effort to boost cash flow and restore profitability? If so, which costs should they cut? Cost-cutting moves must be made very carefully and judiciously.

This article looks at strategic cost cutting with an eye to causing less long-term damage on the road back to profitability. Discussed are considerations and recommendations in areas such as operational efficiency, overhead, supplier relationships, and marketing.

One of the best cost-cutting moves available is to bring in an outside expert to help prioritize where - and where not - to make cuts. Outsourced CFO services firms have helped many other companies cut costs strategically and can bring this real-world knowledge and expertise to bear in an efficient and cost-effective manner.

  Open as PDF Open the entire article as a PDF  
     
Subscribe to CFO Inside Edge

Our monthly newsletter delivers first notice of new white papers and articles plus remarks on performance challenges and solutions. View past issues and subscribe.

 
 
 
CFO or Controller: What's Right for Your Business?
White Paper
CFO or
Controller:
What's Right
for Your
Business?
Outsourced CFO Services
White Paper
Outsourced
CFO Services
Performance Measurement
White Paper
Performance Measurement
Strategic Planning & Forecasting
Brief
Year-End Strategic Planning & Forecasting
Planning a Business Exit White Paper
White Paper
Planning a
Business Exit
 
CFO Edge Blog CFO Edge on Twitter CFO Edge on LinkedIn
 
Intuit Certifications