Adjust expenses to maximize profit from "summary" of Profit First by Mike Michalowicz
To maximize profit, you must adjust your expenses accordingly. This means cutting back on unnecessary costs and finding ways to operate more efficiently. By reducing expenses, you can increase your bottom line and keep more money in your pocket. Take a close look at your expenses and identify areas where you can make cuts. This might mean renegotiating contracts with vendors or finding cheaper alternatives for supplies. It could also involve reducing overhead costs, such as rent or utilities, by finding more cost-effect...
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