144 – Smart Cost-Cutting Strategies to Boost Your Business Profits
August 15, 2024
Discover proven cost-cutting strategies that can significantly increase your business profits without sacrificing quality. In this episode of ‘The Business Behind Your Business,’ we dive deep into practical tips and techniques to streamline your operations, reduce overheads, and drive sustainable growth.
Some of the strategies include:
- Assess Current Expenses
- Negotiate with Suppliers
- Optimize Operational Efficiency
- Reduce Fixed Costs
- Outsource Non-Core Functions
- Implement Energy-Saving Measures
- Review and Adjust Pricing Strategy
- Improve Inventory Management
- Leverage Technology
- Monitor and Adjust Regularly
Paul Sweeney Chartered Accountant & Business Advisor, launched Pretium Solutions after a long and successful career in accounting and business advisory. Paul credits his passion for small business with growing up in country NSW, where family-run businesses were the cornerstone of everyday life.
For Paul, the driving force behind The Business Behind Your Business was to make high end, proactive, directed and value-based advisory services available to small to medium businesses.
Paul brings to the table decades of experience as a highly qualified accountant and business advisor at every level of business. Through consulting, coaching and on-the-ground training and operations, his focus is on unlocking the untapped potential for greater profitability. Paul’s qualifications allow him to pair strategic advice with an advanced understanding of taxation and compliance matters.
