Elimination & Reduction of Services are not the only Tools for Cost-Reduction
I recently read about Elon Musk’s declaration of cutting spending at Tesla and it got me to think about how cost-reduction is often thought as elimination or reduction of purchases or services. While I am not suggesting that Tesla is not in need of aggressive reduction or elimination, we can all agree that layoffs and […]
Keeping an Eye Out For Changes in Industries – Laundry Service Edition
If you told me that I would be reading an interesting article on the laundry industry even last night, I would not have believed you, but here I am, intrigued by an article published by Inc.com. The article pointed out there really aren’t any standout leaders in the industry. But when you combine that with […]
When You are Growing, It’s the Time for Cost Reduction
Growing or acquiring a new firm is an exciting time for a business, but it is also a time when you may absorb costs you do not have to. Cost reduction does take time to benchmark and compare vendors, but during a busy, exciting time, you may not have the time and push cost-reduction off […]
All this Rain in the Midwest, Preparing for the Effects Downstream
I recently heard a comedian talk about being stuck on a flight from Chicago to Fort Wayne and being bored to tears over all the passengers talking about all the rain the Midwest is getting and how behind schedule farmers are due to the rain. No matter how boring it is, the issue is very […]
For Longstanding CFOs – Getting Fresh Eyes to Remain Relevant & Cutting Edge
“Everyone likes to joke around about the traditional CFO who sits in their office with their green shade, a pocket protector that says no to everything,” she said. “But it is such a different position today. … It’s a position that requires strategic thinking, creative decision-making and the ability to look past just debits and […]