Introducing a series of posts where I’ll be suggesting three simple (or not so simple) ways to improve your business. Here’s the first installment:
Reduce the big costs – and the little ones
- List your major suppliers in descending order of spend, then figure out ways to reduce price and quantity for each of them. Renegotiate everything. On the way you should understand their own costs and price pressures, so you can give them a fair margin but no more.
- Clean your own kitchens – and drop the frequency of vacuuming by half.
- Move to smaller offices – things are much more productive when you sit near other people anyway.