Waste— every firm has it, but the smart firms know where it is and how to combat it.
There is no time like the present to rid your firm of waste. Streamlining operations and improving efficiency in all aspects of running your firm is always a good idea, but in the current economy, it’s paramount to getting and staying ahead. This book shows firm leaders where the money is leaving their firms and how they can better hang on to what money they have to improve cash flow, solvency, and their long-term chances of success. |
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Waste— every firm has it, but the smart firms know where it is and how to combat it.
There is no time like the present to rid your firm of waste. Streamlining operations and improving efficiency in all aspects of running your firm is always a good idea, but in the current economy, it’s paramount to getting and staying ahead. This book shows firm leaders where the money is leaving their firms and how they can better hang on to what money they have to improve cash flow, solvency, and their long-term chances of success.
This publication examines the areas where firms can cut back on expenses to create a more streamlined, efficient, and cost-effective organization. From making the tough cuts to staff and benefits to reining in non-labor overhead expenses, this book takes a frank and pragmatic look at every place where money leaves a firm and offers solutions for how firm leaders can hang on to more of their hard-earned dollars. |
Chapter 1: Introduction to Cost Cutting
Chapter 2: Controlling Labor Expenses
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Unbillable Principals
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Unnecessary Administrative Staff
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Principal Salaries and Perks
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Other Perks and Benefits
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Unnecessary Overtime
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Outside Business Consultants
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Other Outside Professional Services
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Expensive Insurance Policies
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Too-Generous Health Insurance
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To Hire or Fire?
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Training Expenses
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Getting into Offshoring
Chapter 3: Capping Overhead Expenses
Chapter 4: Managing Marketing Expenses
Chapter 5: Pruning Costs in Other Areas
Chapter 6: Getting Back on Tack: Spending Wisely in a Tough Economy
Resources |
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