08
Jun
2012
Brad Power had it right in his Harvard Business Review article Achieving Sustained Cost Reduction: “right sizing departmental silos usually doesn't affect the cost structure permanently. Because the underlying work hasn't gone away, the fat creeps back. The cost reductions last only until everyone goes back to their old ways. … To perennially keep costs down companies need to change the way that work is accomplished — the business processes of the organization.”
25
May
2012
23
May
2012
If you’ve been following my blog, you understand the reasons you should use an expense reduction analyst for business cost reduction. But how do you select one? Here are 6 important elements to consider when choosing a business cost reduction consultant:
18
May
2012
Much like a DJ will put a new spin on a popular song, here's my remix of the five most talked about, shared and linked to business cost reduction posts from the last three months of the Simple Business Solutions blog. If you missed them when they were first released, now's your chance...So drop it like it's hot and start reading!
16
May
2012
Although behavior modification is an important and viable business cost reduction strategy, it is often overlooked, just as a hidden gem might be. By mining through data to find how goods and services are used, a knowledgeable expense reduction analyst can identify significant cost savings without requiring a change in provider.
09
May
2012
"Next to being shot at and missed, nothing is really quite as satisfying as an income tax refund.” — F. J. Raymond, humorist
Did you know that in 1997 the IRS approved a tax strategy (Cost Segregation) that allows specific real property assets that typically receive a depreciation life of 39 years (commercial real property) or 27.5 years (commercial residential property) to be reclassified as tangible personal property with a depreciation life of 5 years or land improvements with a depreciation life of 15 years?
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We all have trash. Taking out that trash isn’t anyone’s favorite task, but it’s necessary. Once the garbage is carted off, you probably don’t give it another thought. But maybe you should think about it.