Cost management may not sound like the most exciting part of running a company, but it can be unexpectedly rewarding. Most developing businesses, understandably, tend to focus their energies on generating leads and hitting income targets. But to really maximise those profit margins, a thorough costings analysis can be a revelation.
Here at Cause4, we were amazed to discover – after a year of reviewing everything from tax credits to rental spaces – that we were able to reduce costs against turnover by around 7 per cent. Here are a few of our findings from that exercise that could help you make cost efficiency a regular part of your operation.