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.