Reducing costs.

Keep costs low represents a way to improve profits and remain competitive in the long term.

Cost reduction, However, It must be done in a very careful way, because we could fall into problems such as lack of control over the production, reduction of quality, etc.

The first step is to do an analysis of our production costs, Administration, shopping, marketing and sales.

Once listed all cost centers, ordering them from major to minor. Study them carefully to see if there is possibility to download them.

Very carefully study each staff position, possibly you are paying someone full-time, for work that requires only a few hours a week. Can be Latin this work? Remember that a full-time employee, comprises not only wages but also, benefits law (social security, AFP, holiday, bonuses, among others), Labor liabilities, etc.

Is it his very big office for your business? It is possible that their facilities are very spacious and that is relevant to the impression that it gives to its customers, but, If you have a cubicle extra, consider sub - lease it to another entrepreneur.

If, on the other hand, you do not need so much space and is not relevant to its customers, consider changing to a lower-cost office, without implying that moving to a place that does not have the appropriate accessibility. Remember that the location of your business is also very important.

Sometimes, entrepreneurs could work from home, in this case, It is not very professional to receive their customers is their room rooms, so opt for offices of timeshare, It could be a good solution. These offices usually only costs a fraction of what it would cost a normal income and provide a physical address for receiving correspondence and serve their customers, in case if necessary.

Check your bills as landline, mobile phones, data plans, etc. Sometimes, employers spend more than it should in services which are not used or that sub-utilizan. If it is necessary to, change to pre-paid plans. Well explore all the options, ask others about the quality of the services of different companies.

For example, It is not necessary to hire navigation plans and monthly data, plans are pre-paid per day less than $ 1.00 in El Salvador, so, If you need to be connected at a time that is outside of your WI-FI network, get one of these plans with your phone company for that day in particular. Verifique que no se active automáticamente el siguiente día.

If your printing needs don't require colors, think of dot matrix printers, instead of ink nozzles, they are more expensive, but the tapes will cost you less than a replacement ink and it is possible to last you all year. If you need a colour printing, just do it in an Internet Café.

Don't make prints of documents that do not need, as far as possible, keep a digital archive of documents.

Check the costs of their raw materials with other providers, compare quality and price. Sometimes, It is possible to change materials by others of the same quality, Although they do not have a recognised brand.

Make technology work for you. Utilice soluciones VOIP, optimize and make more efficient control of your business through software and applications that help you organize it, This will save you time, as you will see in the course of their daily work, It is very important.

Keep in mind that any reduction in cost may have its disadvantages, It is necessary that you carefully evaluate the pros and cons of their decisions, at the time of restructuring costs.