The control of costs is vital if SMEs are going to survive. This paper sets out comments under a number of headings relative to cost control within a business. Items considered are:
- Cost Control Helps Profitability
- Shop Around
- Review Costs On An Ongoing Basis
- What's Happening In The Market Place?
- Why Are We Incurring This Expense?
- Cost Control Meetings
- Cost Consultants
- Electricity
- Energy Audits
- Electricity Reduction Strategies
- Telephones
- Stationery
- Travel Policy
- Travel Insurance
- Water Costs
- Bank Interest, Fees And Charges
- Petrol
- Entertainment
- Advertising
- Rent
- Insurance
- Packaging
- Staff Rosters
- Staff Manning
- Corporate Credit Cards
- Overcharging
- Need Tidy Paperwork
- Internal Checking
This paper will be of significant assistance to most persons involved in small/medium enterprises.
