Redmon’s Rules: providing weekly rules and tips on leadership, management, business growth and strategy.
28th Rule: How to Boost Your Bottom line
Staying ahead of the curve is the best position to be in. See Rule #8. This ties in with boosting your bottom line and remaining “in the black.” There are several options that can help plump this figure. For example, consider outsourcing critical services that can be done effectively and cheaper by another company versus hiring a full time employee and/or take the innovative route and create your own lane – which may be time consuming, but will certainly pay off if you create demand for a product or service.
What methods are you using to cut cost and boost your bottom line? Join the conversation!