Cutting prices in secret or with out rationalization can cause anger and resentment amongst employees. Bring everybody together and explain the state of affairs. Ask them to brainstorm ways the company can lower costs. You might be stunned by what staff are keen to chop if they really feel they are a valued part of the company.
Each alternative have to be assessed inside the context of the group’s sources, bandwidth, and human capital. For every alternative there’s a price, and a chance value. To pursue any new opportunity a company must leverage assets which dilutes deal with the core business. Choose your opportunities rigorously.
Eeek! Do you know the key of success? Lesson three:
For instance, do you assume someone pays $5 to have a phone name made on their behalf about an overdue invoice? How about $5 for … Read the rest