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94 ideas to reduce costs and improve results

Introduction to 94 ideas to reduce costs and improve results

"Do You want to win 50 major building ideas that can bring immediate use in your company know in order to increase profits and reduce costs? "

If YES, you read all these ideas implemented, customers have benefited from it and they give their business dramatic increase in profitability. Most ideas can be immediately put into action. Every idea has the potential to you many points% increase in net profit.

Research shows increase profits by 4% -56% and to reduce the cost by 18% -37% within two years by a simple five step process called the Profit Model Maps. Normally is a 5% cost reduction is sufficient to turnaround the loss of most working with businesses.

Companies can calculate formulas the value of the savings from these two simple

If the company is a loss

Total costs and expenses = revenue + absolute value of the net loss of + / – = income tax say X

Minimum savings you will make in two years = 5% of X (see above calculation)

If the company a profit

Total costs and expenses = revenue + profit + / – Income tax Say Y =

Minimum savings you make in 2 years = 5% Y (the calculated above)

 

So Wie much can you save? Improve your profits?

 

 

General tips on profit improvement and cost reduction

1. Recycling and reuse. The plastic bags, envelopes and other Packages from your vendor to make good trash bags. Another example is the standard application wrapped boxes wrapped with printed on the face of this, where you information provide for internal mail traffic. When received, the recipient can send back to reuse it to his or her e-mail to another internal employer.
2. How about saving and reuse of copy paper or printing, where it photocopied or error in the printed document. If it does not contain confidential information, these papers in wasted writing or scribbling notes from the staff than with new notebooks and notepads can be used. Ideally, stop buying new notebooks and notepads. You save money and the environment.
3. Learn to copy and print on both sides of the paper. Buy copiers and printers that can do this with ease, and bring in a corporate policy, requesting all employees on both sides of the paper copy.
4. Insulation for your roof, attic and walls (including the outer wall outlets) are absolutely save you money over time. Much of it can do for yourself. While you're at it, the weather stripping around the doors outside, and if you can see daylight between the door and frame – purchase a roll of adhesive foam door seal and close the cracks.
5. Consider investing in reusable elements. Batteries are a good option if your battery consumption is high – the question you should ask yourself: Why is your battery consumption high and what can be done to reduce that?
6. Do you have a Non smoking hotel or reduced-smoke time. Many people spend much time outside of working hours in designated smoking areas. Sometimes other staff members to accompany them to waste a lot of productive time together.
7. Limit alcohol on the premises and functions. Alcohol is an additional expense, you can remove or at least significantly reduce can.
8. Stop gambling within your organization how to recruit staff together and pooling resources for Lotto and footy tipping! These are personal acts of the personnel during company time.
9. Stop using paper napkins and paper towels. Cloth towels are absorbent and can be used over and over again. They clean much better than paper.
10. Think about every purchase before you do it. Ask yourself whether you need it or just want to. Do you already own something that will perform the same task? Is it be replaced by good quality or do after a few uses? Most importantly, you are ready to put your profit improvement and cost reduction targets are to reduce? If an item is superfluous, just say no.
11. Use the 24-hour rule. Wait 24 hours before the sale for non-critical points.
12. If you subscribe to non-essential services, such as satellite radio, you prepare yourself mentally to terminate the service and then call their accounting department. They advise that you cancel – They will be transferred to several people, but every time they tell the truth – you cancel that you want because you can not afford the service. If you stop, they will offer you a discount – at a substantial discount – continue the service because it is much cheaper for them than to keep a customer is to get a new one. If they do not give you a discount – to stop the service and not without them, while you save some money.

Warnings on Profit Improvement and cost reduction

1. Consider not only the least expensive option – this is certainly not always the best option. Many, many times, is an initial savings you more later on the costs. Carefully consider life cycle costs in addition to the cost.
2. If you buy pre-owned check Carefully … this is mainly for cars. It is worth the investment to a mechanic check the car (unless you perfectly competent in this area are – are you sure?).
3. Do not go completely overboard. It's great, frugal, it's not great to be a narrow-minded miser. When employees needs something definitely looking for bargains, but you keep your priorities right.

Cordless phones and Communication

1. When it comes to consider consolidating all your landline phones, voice-over-IP and your cell phone. This way you are able, the number of Lines and methods to streamline communications and reduce costs. You can also negotiate the rationalized list with your service provider or its competitors, to better for prices.
2. When it comes to cell phones is necessary to consider whether they require most employees there. Consider again rationality employees at other locations have to work and be contacted by the center or vice versa.
3. When cell phones are made available have clear rules about their use. Any violation this must be the employee claimed and recovered from their pay.
4. Check the sending of SMS or short messaging service or e-mails to employees can in foreign locations or those who can travel abroad to communicate with those you want.
5. Consider using voice over IP applications such as Skype and Google from gchat. For example, Skype charges for AUD 4.00 unlimited calls to any phone or Mobile Phone in Australia each month. While Optus charges AUD 109.00 per month for the same privilege.
6. Check cable TV, whether this applies to your business. Instead of special cable TV in your reception area it can be a good idea to to use a preview. Your customers or suppliers who would use their lobby not try to complete and / or movies shown on cable TV during their Office hours to see.
7. Do you understand your traffic patterns and what is the money better than what your phone company know when you or says. Many companies rely on their carrier to tell them what to do. This is ill advised and reflected overcome "> laziness on the part of the person with the determination. Faced with the choice of a telecom carrier will always sell you a gold-plated Mercedes, if you need it or not on a lease 50 years, which only increases the cost for each year that you can never get rid of, even long after the wheels fell off. Do not fall in this case. They make the rules. It's your money!
8. Package your services into something that you tell the carrier market on their Sense. Measure service of origin, type, distance and cost per unit. Roll it all up in the perfect granularity to 100,000 feet absolute level.
9. Identify Minimum requirements for the service organization is necessary for you to meet the needs of the. This does not mean cheap, it means that the combination of services, which should make you buy your exact needs, which neither greater nor less than your needs. You do not have widgets you can not pay, and You do not want your users without services for the success of your business Are Go.
10. Identify the airlines provide, that in the places where they come from a need for service. For example, it does not matter if XYZ carrier has service in major cities nationwide, if your capital is not on their list. Get market comps from reliable sources. The carrier can tell you the best fare is a nickel, while others may paid a penny, and it will never enlighten you about what they need. Other powerful end user probably have the best rate information you can informally exchange. Make sure not only on the interest rates that look to be followed as a rule, but look at the entire list of services. Recognize that the greatest Companies with the highest volume does not necessarily pay the best prices. They often suffer from ossified contracts that have been proposed, far too many "good guy deal done" are reduced. Carriers will pay always quick, others who are citing more money than you are. Do not worry, they only quote the higher, keep the good business to make private.
11. Carriers to compete every store that your business the economy to gain even the slightest chance your. Even if the circuit is only one. The more the better. Download not know who you would not seriously airlines the possibilities of economy, which one is with "Stalking horses." If you do this, the market will not respect you. Do not give up any one institution Advantage that every other institution that does not get started. Make it fair. Use a level playing field. Do you compete with all published the same information, at the same time and under the same rules. Do not give anyone more time than you could run inside. Open the information from all of the carriers in private to share they require a minimal number of internal people to do the work. The more people that know your inner influences, the more they will share it with, and not to your advantage.
12. Set the pace. Your incumbent carriers use excuse after excuse to slow down the process. Why should it help you to speed up the process, only in their having to write down some of the fat profits they are making on your business, will result? This is no time to get nostalgic. Put your keywords, your timing, and the surcharge on the carriers to earn your business. Not past. In the present. Once you experiment a carrier identifies, make sure to come with a list of two or three others, which may also suffice. Never say any airline, what the result, until You should have signed your contracts. It is a very small supplier community, and your information will be shared (again to your detriment) when you pass it, before the transaction is carried out.
13. All measure and report your margin of success of your managers can understand your performance.

IT Department of Telecommunications Cost

1. Your IT department should save on systems connectivity costs including WAN circuits, T1-type services and other telecom services to remote office connection used.
2. Identification of costs – Prepare a list of all physical report Your data line, circuits, etc., in place for remote office connectivity. Promotes information that you need in assessing the service for a reasonable subsequently, such as location, bandwidth and number of users at the site. An inventory of all telecom expenses of your current telecom carrier invoices. Telecom costs can be as high as 1-2 percent of sales or more depending on the composition of your company. Office changes, growth through acquisition and other questions Situations where it is "low hanging fruit," the inspecting officer, what you pay for. Reconcile detailed account of the telecom connectivity inventory created in the first step. This is to compare what you think you have with what you also. For large companies or even small offices with many, This is no small matter. How to prepare for an intensive project or seek outside help from those who deal with telecom bills for a living.
3. Total up the circuits / lines that are no longer in use or that can be eliminated. Measure these together with the potential for savings through the reduction of bandwidth of certain remote-office services, while still an appropriate response.
4. Savings are in the opportunity it: lines, circles, no longer used or needed to consolidate the capacity for remote operation services, the ability to reduce the bandwidth and simultaneously acceptable processing speed.
5. High-growth companies with many branches have often dormant in the resort or more capacity than needed in many places. Even if you do not reconcile your data related bills, you almost always pay too much.
6. There are many companies that focus on identifying and recovering costs Your business. One of the advantages is that these companies or to pay the charges on the basis of the results of the dollars recovered or saved. His approach helps companies three ways: an analysis of past fees and recouping overpayments. This can take up to one year or more can be overpaying and a noticeable The amount determined by environment and history, reviewing and negotiating contracts with suppliers, appropriate use of contracts, assessment of your current Telecom needs and recommending cost effective solutions.

Heating and Cooling

1. In many parts of the world and in Australia, especially in the summer months the temperature rises sharply rising limits. It can be a good idea to pick this time to use solar energy and it needs for your heating and cooling. The government offers many incentives and discounts on switching to solar energy.
2. During the hot Summer months it can work to change a good idea to hours so that your employees, which in certain construction sites and factory premises, where the temperature rises to a very high Level can start early and finish before the temperature rises. Alternatively, great work can take during the night shift.
3. Install ceiling fans, where possible. This was the means employed before the air came. This is an excellent way to save on heating and cooling costs.
4. Open the window. Unfortunately, there are many office buildings, it is not possible to open the window because it was sealed from the outside. These buildings are dependent on order of power maintain the temperature within and needs for lighting. Arrange the windows are open not only lower heating costs, but also light.
5. If your Gas heating system works by you may be able to talk to your service provider and request a closed off during the warmer months. This will help you to save on fixed costs. If this is not possible you may be able to use for a pay-as-you package.

Electricity

1. With energy-efficient lamps. Again, the government offers many incentives and discounts reduce the overall cost of these energy efficient lamps.
2. Install systems and methods, when bulbs are switched off automatically in certain areas. I have found in certain areas where security lights or headlights during see the nights are on and forget to be switched off in the morning. Having a system that shuts off the power supply, such security or floodlighting over of the day, the system automatically makes and saves considerably in power, because these lights are a huge amount of electricity consumed.
3. Application and educate your staff to Shut-off switch and all electrical devices and laptops, before leaving her post at the end of the workday. Many people do not switch off electrical devices and laptops when not in use. The main reason for this convenience but may not be on the business. Routine checks to ensure that these Policy is to be met. This not only saves electricity but also to reduce the risks of electrical fires, if the employee is not available with work around them.
4. Request and educate your staff only power when it is absolutely necessary. Many offices may use of natural lighting during certain seasons and times of day. This applies even if the window to open your internal environment and its temperature regulated.

Water

1. In certain areas of work employees have prior to the commencement of work or after completion of the work shower. Where shower facilities reducing the availability to use shower kits. Again, like shower reduction kits are available from the government and, if not many incentives are available for use.
2. Request and bring you to limit your shower time workers.
3. If your toilet commodes, not two buttons for half and full flush flush install or modify. This will save considerable amounts of water during the year or on a long-term basis.
4. Gentlemen's toilets should fitted with appropriate urinals. This in turn holds water washed up to toilets and commodes.
5. Wherever possible water-saving urinals in cubes. This is a new invention if you are not over the water as the cubes of the location, cleaning the environment and urinals by smell and kill bacteria use chemicals.
6. Use faucets that automatically stop after dispersing a limited amount of water. This is a good idea where you people wash their hands of the public Toilets. If more water is all you need is required to press a button. These shells excess water usage and leakage.
7. Where possible always use waterless hand sanitizers.
8. Repair leaky faucets and toilets.
9. Use mulch and water and other reduced Your office systems for turf such as drip systems and to provide additional shading to reduce evaporation.
10. Reduce the duration of the irrigation and the number of days that you do it every week.
11. If your company uses the water filled in open tanks, cover use, offer additional shade, to reduce evaporation. Some companies have swimming pools in the Arts building, which may require the same treatment.
12. More to harvest rainwater and save it in huge tanks. You can use these and save a ridiculously large amount of cash you spend on the water.

Entertainment

1. Stop offers free tickets and corporate boxes for many sporting events or other tasks and activities.
2. As a senior staff have food and allowances fixed daily limits.
3. Even if senior management can have food and allowances will have a clear policy on how the money should be spent and for what purposes they can also can be output defined.
4. Request and staff to educate the not for food by delivery or room service.
5. The company must have a system where the staff first uses his / her personal Credit card for food and entertainment which will be reimbursed by the Company on the actual bills. If the employee is unable to ensure proper Receipts and invoices to make or spend on items which are not allowed corporate policy that withheld payment or paid net.
6. Stop to buy or to rationalize the purchase of newspapers, magazines, periodicals and books on management and staff to browse and enjoy during office hours.
7. Not for fresh flowers for every manager in the office. You can enjoy fresh flowers in the main reception or lobby area, and even better if you use to natural looking artificial flowers and flower arrangements that are clean and dust-free.
8. If the company sees annual trips to all members of staff it must be reduced if on the basis of costs or profits improved during the year. For example, you may be able to tell your employees that if certain costs are reduced by 20%, they would be rewarded by this particular outing. If not, you must not allow to spend money. However, if the staff is able to reduce costs, as required, you win anyway
9. Certain companies have the habit of their key management to to exotic locations in foreign countries for a few days to brainstorm and develop business strategies. Although I do not condemn this great idea would be It does best at the costs by reducing days less to do with a tight program and less travel.

Purchase of assets and their use

1. Many departments purchase new furniture and equipment when the need arises, or if within budget without is more limited idea. Before you decide to buy new items carefully consider the furniture and equipment that could be in your warehouse. This is perfectly possible if many organizations today, closing facilities and dump the furniture and equipment in storage facilities. This is effective but would you support Your employees need accounts that the overview of all fixed assets are kept and have full control over his movements.
2. Prior to purchase of assets may be a good idea to ask other departments or other strategic business units, if such assets and they could to reduce the cost, or perhaps even share the purchase. This not only saves money for your department, but will also help the department sale or transfer their own department to reduce costs.
3. If you can a small start-up companies to be able to cover most of your assets from garage sale or closure of auctions to acquire. Even if you had to spend a little more could be on the reorganization and cleaning to get serious, they save.
4. Another option that most consider companies now is to buy from online auctions such as eBay.com and shops overstock.com

 

Food & Beverage

1. Reduce diversity for coffee, tea and milk are purchased for staff use. Many companies are in the habit of buying different types and brands of coffee, exotic teas and milk to the fantasies of every employee to meet. If you do To do the additional expenditure will be incurred in purchasing small quantities of a variety of elements. You can ask for suggestions to staff, before the switch to make. Practise variety reduction at each level.
2. Always have limits on individual orders. Do not buy large quantities or bulk. Only buy what is necessary, perhaps one or two weeks. This will reduce not only theft, but also the waste entirely possible, such as certain food and beverage products expiration dates have.
3. Remove certain items from your food and drinks lists like free cookies, fruit, nuts, soft drinks and soda for your employees.
4. Install a water treatment plant for drinking water instead of bottled water order. Maintain the cleaning system in good working order.
5. If your company has a tradition of providing free breakfast has on certain days of the month or a barbecue is a good idea of the number of days on this one Month to limit done. Also have a fixed limit on how much employees can spend on these occasions.

Automobiles and related costs

1. Ask your employees will always remember, "is this trip really necessary?" If they ask that question they can be able to use other options such as sending the product or search by courier package, it delivers to the address listed on their way home, etc.
2. Request Staff journeys to work together to consolidate or reduce additional trips made during the day. I have certain people from different departments travel to a Place at the same time in different vehicles seen. At worst you'll see that each department has its own vehicle for such trips. Not only does this event between departments, but you will also notice that among employees in a particular department. Employees can go to a specific place, but they do not organize and plan or at times together, so that they may be able to do that by sharing a journey. For example, some staff may leave to Customers at eight clock, and another member to leave 10 minutes later at a place in the same route. Of course I understand that is not possible, all the time. However, what is important to note there are currently no active method of work planning and organization of visits of places.
3. Always check the tire pressure of your vehicle. Check spark plugs. Use new or good quality oil for the vehicles. All of these steps reduce the cost of maintenance and operation.
4. Consider They keep a log and monitor how often and how far you travel each business vehicle. This way you can negotiate reduced insurance.
5. Less Driving also saves costs for maintenance, tires, materials and supplies.
6. Application and educate their employees driving to an ideal speed to change and less aggressive driving. This would save on vehicle maintenance, and supplies.
7. Staff to travel long distances should be very or advanced driving lessons. Accidents can happen, the costs for the company much money and personnel lives. Set the limit of driving hours allowed during a period of 24 hours.

-Getting more staff without additional costs

1. The productivity factor, obviously, the way, no resources manager can provide more existing resources to improve productivity of them. Improving the productivity of your employees is an ongoing effort and one that is important for the employee, your company and for you as a manager.
2. Schools and develop your employees-Target-specific training for each employee that he or she can no longer help. Training can be internal programs that have little time nothing else than from one of your older people's expense. Or, you can connect external vendor programs, the specific capabilities to improve the employee that his or her capacity to teach can.
3. Coach and concentrate the efforts of employee-Too Often we can find our people on "their own way." Being more proactive in defining employee responsibilities to focus their efforts on important Tasks, and she is coaching for higher productivity is a good thing. Expect higher productivity and you will often get it.
4. Give them tools-Our employees want to be productive and produce quality results. Invest in your employees by giving them the tools, the productivity . Increase
5. Embed a quality improvement program, staff productivity is often by poor quality in the Impeded the provision of their efforts. More than not, they can see the problem, it is the "can not see the forest for the trees" issue. fix For example, if your programming staff has many problems that are on the software enhancements are discovered in production, you need both a client-service problem and a problem of productivity. Every time I have implemented a quality improvement program, I know the resistance of my older people learned. It was only after they show the numbers before and after the quality program they actually believe, it improves the team issued.
6. Enter additional Incentives for more work-in a few situations that you order too much, need to reduce the backlog, but not want adjust to more people. To attack the problem in order to provide incentives for employees to work on extra projects "on their own time", meaning outside the normal opening times. This type of program can be very effective, but one must be careful to avoid conveying the impression that you paid for overtime. Hourly overtime people, not professionals. They want only to the additional work for those who are an acceptable offer to approve, with to qualify other words, the way to work for the incentive is by good your normal work. Use a program like this only in short bursts, say four fifty-seven Months so that it can be compared to a normal work program.
7. The perception factor - your employees can improve productivity effectively by altering the perception of the team productivity can be achieved. I am not advocating any kind of deception, but there are things you do may appear to make the team to be productive.
8. Organize for client service structure create and implement processes help your employees to quantify issues, implement change in an orderly manner appropriate to escalate issues, and follow-up consistently. Improving client service automatically makes your team seem to be more productive.
9. Manage customer expectations for capacity-your-If your team is delivering overcommitted to the capacity of what they may be, the natural conclusion that they are not getting the job done. Manage your customers' expectations to your team's actual Capacity for the supply and it seems that the team is productive longer. We should be managing in this way anyway, but it's easy to get overcommitted.
10. Filter application backlog in your department review of the applications came in your department of interest groups. Quite often, requests for items that are not necessary or that provided no real value to the company. can create reducing the backlog and the more stringent eligibility criteria for establishing a new requests Perception of improved response.
11. Over-communication to communicate the status of outstanding issues more than you have. Nothing makes a customer feel frustrated, as not knowing the status to support an outstanding problem or request. Keep your customers and users "in light" creates a Perception as a productive and improve customer service.
12. Transmit coach your employees to take the extra steps involved in the care of your. Little extras go a long way to improve service and higher satisfaction creates a picture of the responsiveness and productivity.
13. Publish your team efforts, you might be surprised at how much we all forget that we reach every month. It is so easy to caught in the day to day issues and problems that we reflect on the things that have been completed in the forgotten past. Start tracking your team, and publish services Highlights of the month. If we forget what we do, I can guarantee that the customers know not what we are doing everything. Share this knowledge with them, and you can tell, that customers are really interested and that their perspective how busy you are going in your department or business unit way up.
14. Before you start tried to improve the productivity of your employees, conduct an assessment to determine how productive they are already. If possible, establish a baseline and to measure how the improvements to the implementation of specific measures that will improve your team either real productivity or the performance of their productivity. Capturing real data in key areas will help you to show what really happens.

 

 

Completion

 

The The more you understand the force list will recognize this, the more you You need ideas to get your hands on all the others for commercial usage. To href = "http://www.profitmaps.com.au/"> www.profitmaps.com.au to obtain and use a simple 5-step process that can do this for your business.

As mentioned above every idea has the potential to increase your profit margin by many% points. Research shows, to increase profits by 4% -56% and reduce costs by 18% -37% Within 2 years. Usually a 5% cost reduction is sufficient to most loss-making turnaround companies.

The maximum Benefits achieved and to ensure that the actions of line results in improving your bottom-you need a structured methodology or a process on a continuous Basis as the 5 step process proposed in www.profitmaps.com.au .

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