BizSugar.com › Startups › Apptivo - The Challenge of Reducing Operating Costs

Every business at one time or another decides it needs to reduce the operating costs. In these tough economic times, doing more for less seems to be the motto of most companies. However, it’s a balancing act. On one hand, you want to grow your company. On the other hand, the demand to reduce costs is ongoing. You need to find a way to do both at the same time. It’s tricky to develop a strategy to reduce operating costs while not compromising the potential for growth. Identify where you can improve efficiency, consolidate or trim non-core functions, and then take those savings and reinvest them in critical assets for your business. You will need to have your employees on board for this to work.