How To Reduce The Cost Of Doing Business

Business cost reduction course: Learn the techniques to reduce your business costs and control your budgets, today!

What you'll learn

How to reduce costs in your business

Techniques to reduce costs and keep them lower

Compensation, office, equipment etc. cost reduction activities

Risk, resource, ROI etc. considerations to be made

How to save your business money and control your budgets

Requirements

None

Description

The cost of doing business continues to rise, company by company, industry by industry, year on year. It is something being faced by businesses of all sizes, and to counteract this, they are looking at their P&L statements wondering where they can find savings. Luckily for them and for you, there are a number of areas on those P&Ls which can be targeted with precision to reduce costs in both the short and long term, to help keep those organizations on a stable footing.In this course, we will explore the range of options you have at your disposal when it comes to reducing the cost of doing business. From your compensation budget to equipment, 3rd parties to marketing, expenses and systems, there are so many options for you to explore. Within this course, we explore them ALL, looking at what they are, how you can practically deploy these and give a range of examples to back these up, with evidence.We also provide a range of tools, techniques and downloadable resources for you to use during and after the course, to plan and map out your approach, based on what works best for you. This course is all about giving you the huge range of options available, not telling you what YOU should do. We give you the power to decide what is best for you, based on all of the options we put on the table.We cover several business expense types, discuss the consdierations you need to make when approach these costs (such as risk, communication, timelines etc.) and break the course up with a range of examples, demonstrations and real life case studies - all with the aim of making this content accessible to all. If you want to save your organization money both today and in the future, this is the course for you.

Overview

Section 1: Introduction

Lecture 1 Introduction

Lecture 2 Purpose of the course

Lecture 3 How the course will run

Lecture 4 Scenario

Section 2: Steps to follow

Lecture 5 Prework questions

Lecture 6 Review P&L statement

Lecture 7 Conduct first analysis

Lecture 8 Make a plan

Section 3: Compensation

Lecture 9 Review of the findings

Lecture 10 Review all vacancies

Lecture 11 Freeze vacancies

Lecture 12 Cancel vacancies

Lecture 13 Review vacancies - example

Lecture 14 Review all job roles

Lecture 15 Review all roles - template example

Lecture 16 Review all job roles - conclusion

Lecture 17 Review all job roles - example

Lecture 18 FTE calculations

Lecture 19 FTE calculations - FTE calculator

Lecture 20 FTE calculations - analysis

Lecture 21 FTE calculations - recommendations

Lecture 22 FTE calculations - benefits and drawbacks

Lecture 23 Offshoring

Lecture 24 Offshoring - how to do it

Lecture 25 Offshoring - considerations

Lecture 26 Offshoring - example

Lecture 27 Automation

Lecture 28 Automation - case study

Lecture 29 Restructuring

Lecture 30 Restructuring - example

Lecture 31 Junior employee opportunities - examples

Lecture 32 Reduce use of contractors

Lecture 33 Reduce use of contractors - example

Lecture 34 Overtime - set the scene

Lecture 35 Overtime - the investigation

Lecture 36 Overtime - conclusions

Lecture 37 Overtime - delivery of change

Lecture 38 Overtime - outcome

Lecture 39 Performance related pay

Lecture 40 Additional - pay rise cut, freeze or delay

Lecture 41 Additional - bonus cut, freeze or delay

Lecture 42 Change bonus eligibility

Lecture 43 Additional - performance related to goals

Lecture 44 Additional - eliminate coordinator type roles

Lecture 45 Final comments

Section 4: Expenses

Lecture 46 Review of the findings

Lecture 47 Meet remotely

Lecture 48 Meet remotely - culture and benefits

Lecture 49 Change policies

Lecture 50 Change policies - list of policies

Lecture 51 Change policies - benefits and drawbacks

Lecture 52 Change training approach

Lecture 53 Additional options

Lecture 54 Final comments

Section 5: Office

Lecture 55 Review of the findings

Lecture 56 Go completely remote

Lecture 57 Go completely remote - considerations

Lecture 58 Adopt a hybrid approach

Lecture 59 Adopt a hybrid approach - costings

Lecture 60 Reform facilities management approach

Lecture 61 Reform facilities management approach - approach to take

Lecture 62 Reform supplies approach

Lecture 63 Final comments

Section 6: Systems & subscriptions

Lecture 64 Review of the findings

Lecture 65 Find alternative providers

Lecture 66 Find alternative providers - How?

Lecture 67 Find alternative providers - What?

Lecture 68 Find alternative providers - the results

Lecture 69 Merge systems

Lecture 70 Final comments

Section 7: Marketing & advertising

Lecture 71 Review of the findings

Lecture 72 Review performance

Lecture 73 Review performance of sales & social media

Lecture 74 Review performance - benefits and drawbacks

Lecture 75 Review the set up

Lecture 76 Review set up - 4 types

Lecture 77 Review set up - benefits and drawbacks

Lecture 78 Final comments

Section 8: 3rd parties

Lecture 79 Review of the findings

Lecture 80 Change contract approach

Lecture 81 Change contract approach - requirements

Lecture 82 Standard fixed term

Lecture 83 Alternative flexible term

Lecture 84 Standard plus

Lecture 85 Reward

Lecture 86 Change provider

Lecture 87 Change provider - the results

Lecture 88 Final comments

Section 9: Equipment

Lecture 89 Review of the findings

Lecture 90 Explore what we did

Lecture 91 Ask procurement team to reduce costs

Lecture 92 Change damage and loss policies

Lecture 93 Explore outsourcing of maintenance

Lecture 94 Final comments

Section 10: Considerations

Lecture 95 Risk

Lecture 96 Communication

Lecture 97 Timeframe

Lecture 98 Resourcing

Lecture 99 Need to invest - part 1

Lecture 100 Need to invest - part 2

Lecture 101 Need to invest - part 3

Lecture 102 ROI

Lecture 103 Market trends

Lecture 104 Long term planning

Lecture 105 Process improvement - part 1

Lecture 106 Process improvement - part 2

Lecture 107 Time for YOUR plan

Section 11: Close out

Lecture 108 Honest feedback & final thoughts

Lecture 109 Review of key learnings

Lecture 110 Thank you

Business Owners (all sizes),Business Improvement professionals,Project Managers,Finance Professionals,Management (anyone overseeing a budget),Anyone (anyone who wants to find ways to reduce costs for the business within which they work / own)