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t the end of the day, businesses are concerned about one thing - the bottom
line. Obviously, without profits, there would'nt be any reason to do business.
During good times, when business is booming, many companies find themselves
more lenient with their expenses. However, when business gets scarce or competitors
have begun to take a business' share of the market, companies start realizing
the need to be prudent and find ways to save. Many times, because the companies
people are so used to the way things are run in the company, they fail to see
better, more cost effective methods of doing the same processes. These become
habits that prove to be costly in the long run.
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Financial small business ideas or Cost Reduction Consultant
On objective view of the cost saving measures taken by the company is needed
from an independent party. This is where you come is as a Cost Reduction Consultant.
You will be someone who has extensive knowledge of work processes both in the
office as well as factories. Experience as a Quality Assurance Manager or ISO
Specialist will help you look at the entire organization to find ways to cut
You will be someone who's alert to his surroundings, with a sharp eye for detail.
You will notice things that others missed, for example, why a certain grade
of paper is used when a lesser quality one would suffice. A well known company
once decided to get rid of 90% of their waste baskets. This had the effect of
a drastic reduction in errors, which translated into higher profits. If you
have that kind of a critical yet innovative mind, many companies will be turning
to your to bring their companies back into profit.