Cost Management: The Final Lever

Michael Barbarita • January 29, 2025

The seventh component addresses both fixed and variable costs, ensuring you keep more of what you earn. This isn't about simple cost-cutting but smart cost management that maintains or improves quality while reducing expenses.

 

Focus areas include:

- Fixed cost optimization

- Variable cost management

- Process improvement

- Efficiency enhancement

- Waste reduction

 

The goal is maximizing profit margins while maintaining service quality. This component ensures that revenue improvements translate directly to bottom-line results.