Saving costs for business can be an easy task, simply use source for cheaper vendors or collaborate together for bulk purchases, etc…
But there’s one thing that if you are not careful it can cost the company lose of money, energy and worst of all time. And it is recruitment.
Assuming that you have someone experienced in the industry yet are not humble, have lousy attitude, no to improvement and not learning new things related to the industry. This spells disaster for the company, you just invited a poison that’s slowly killing your business.
You would not want to invest money on this person for training, if he/she does not put to use what was learn. It will be a waste of money and time!
Well there’s a wise advice from Warren Buffett about choosing people working for you; “Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence, and energy. And if you don’t have the first, the other two will kill you.”
There are 16 more ways to cut business costs that you may like to find out from our infographic.