How to make your fixed costs a reflection of your personal administration

How to make your fixed costs a reflection of your personal administration

You know that 90% of employers are unaware of their breakeven, and can hardly enlist their fixed costs, which are reflected directly in the performance of their companies.

Today’s challenge every entrepreneur is to serve your business with the same detail and requirement, which meets their personal issues to work correctly with adequate knowledge of the main elements that conform and thus make it work properly.

The fact of having knowledge of fixed costs and be in a constant optimization of the same is a challenge for every entrepreneur. It must have control of a number of elements that can be reflected even in the management of their personal aspects.

Then we share four simple steps to optimize fixed costs…

  1. Get Benefits measurable, results of contracted services should enable increased productivity and must be met in time and form, all leases long term must maintain the most favorable conditions for your company.
  2. It demands your punctuality, loyalty and advance payments service is rewarded. Preferential rates through extended by utilities and telephone and Internet, insurance premiums and fees and bank charges.
  3. Eliminates idle capacity, Avoids installed production capacity unused or under utilize that. Identifies activities that permanent employees to do during periods of inactivity.
  4. Compare steadily, has a constant analysis of your competitors your current suppliers to determine which service can provide you with the same or even lower prices, and if they can offer a similar or higher than your current provider quality.

You may also like to read another article on BSOinvest: 7 basic personal finance tips

Following these 4 simple steps will assure that you will achieve have optimal control of your fixed costs, plus you can identify consistently return on investment you are getting from them and leave and not be of that 90% who know how to integrate such costs. Only require to make a decision, follow these steps and train yourself as an entrepreneur to grow your business.

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