18 Jul How to Trim Your Business
As business owners and entrepreneur’s ourselves we understand that the direction of your company is always at the forefront of your mind. If there’s one thing we’ve learned it’s that businesses change. That’s where a detailed understanding of how you can drive efficiencies whilst addressing potential cost savings, is key to business development.
Decisions on where to trim are paramount to how your business moves forward. In fact, they can be the fundamental difference between your business thriving or failing. Implementing cost-saving ideas encompassed with effective advice from experts will help you achieve your business objectives.
There’s never a bad time to trim your business.
Trimming your business can sound like a scary concept however often it’s needed to move forward towards your next set of business goals.
Let’s take a moment to look at how…
Staff locations and mobility challenges.
Fundamentally staffing is the greatest cost to most businesses. Ensuring that your people are at the right place at the right time is vital.
Ask yourself if your business really needs all the commercial space you have? Do you have a remote location that over the years has become less effective? What about the recruitment benefits of remote working? These are all steering questions that will help you identify key areas within your organisation that potentially could benefit from trimming.
Real estate costs are a major factor.
Think back to that day you opened your first office. Collecting those keys felt wonderful, empowering and exciting. As your business has grown more and more complexities will have filtered in. Commercial Contract changes with new laws constantly being implemented, business rates, service charges, utility costs and potentially a new green tax on the way. Keeping a firm grip on these changes will help reduce the impact on both your staffing and your bottom line.
The power of green.
Taking your business to ‘green’ status is a commendable goal. One that will have a huge impact on both productivity and profitability. Assessing whether your business could benefit from greener goals and with EU & UK grants and subsidies available, is a fantastic way to look at and explore new opportunities within your organisation.
Stonelink International understands that market changes will continue – especially with the advancement of AR & AI. Highlighting key cost-cutting potentials has led to Stonelink International’s unparalleled reputation with existing clients. We appreciate and anticipate the challenges business owners face and we know the benefits trimming will bring. What’s stopping your business from reaching its full potential?
Let’s find out by taking our short quiz here.
Why not speak with one of our Real Estate Advisors? Call now on: + 44 (0) 207 993 4081 and start trimming. Your initial Business Owner Consultation is free!