A business operator should be continually re-evaluating cost components and looking for places where costs can be reduced. Some costs are fixed and do not change unexpectedly; while others are variable (subject to change in ways you have no control over).
In today's rapidly changing world, cost changes can be expected more than ever before -so pay attention to your costs -all the time.
Always keep a tight control on business finances. The better you track finances the more aware you will be of how a business is performing.
Typical cost components might be:
Here are just some ways you might find it possible to cut costs:
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