Cost Control

Cost control is at the centre of your business success

Tactical Business Solutions specializes in helping you with cost control. This can be a misunderstood area of business as business owners tend to either avoid it, or implement cost control in a reactive way. With the right planning and systems, cost control can turn your business around.

We work with you to:

The two main ways to implement effective cost control are:

  1. Eliminate what is unnecessary and/or inefficient
  2. Improve systems for optimum performance

Jumping too fast into either area can end up costing you more

Slashing costs is rarely good business practice. Cost control is not about compromising on quality. So while it may seem like a good idea to replace senior practitioners with inexperienced juniors who will work at half the rate, you may be better off introducing a mentor system where seniors are training guiding juniors, read up-skilling them more quickly.

The same goes for any decision that will impact your staff or customers. Reducing quality may lead to dissatisfaction. Good cost control is about eliminating excessive and unnecessary costs, not getting rid of cost all together.

Examples of unnecessary or excessive costs include:

Similarly, be careful of introducing new systems that may have hidden costs. An example of this is jumping onto a new CRM system or other software package, without consulting staff or giving them sufficient training. Productivity goes down and if you need to be getting IT consultants in to fix too many teething problems, this move can cost you a lot more than it saves.

Ways to improve systems and reduce costs can include:

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