Maintain a healthy business, efficient and profitable requires attentive and proactive financial management, regardless of the branch, therefore understanding in detail unnecessary expenses is an essential action for the company to continue functioning well
According to Reinaldo Boesso, financial specialist and CEO ofTMB Education, fintech that offers the possibility of installment payments through bank slips, it is very common that, in the digital market, companies want to grow and profit quickly, at the same time they forget the small financial details that can make a difference. "If you don't understand well how to manage your business", runs the risk of losing control and, eventually, the business itself, alert
According to the executive, it is possible to draw a parallel between a company's costs and a tree. "In both cases", you need to prune constantly for them to keep growing. "This is a lesson that every manager and entrepreneur should know", affirms
The CEO of TMB Educação explains that, just as in individuals it is common to accumulate senseless expenses, the same can occur in the legal entity. "Just as you sign four", five streaming services without using and realizes that he is spending unnecessarily, it is very common for a company to accumulate expenses that do not make sense, from the signing of tools that no employee uses to expenses that were forgotten. These costs will eat away at the company's profit if there isn't a manager carefully monitoring them, orient.
Reinaldo Boesso explains that, with the growth of the business, it is natural for some areas to become more swollen, therefore the role of the manager is to identify such areas to work more efficiently and profitably. It is necessary to consider that some things that were done in a certain way can now be done in a more efficient and economical way. Success is definitely in the hands of those who know how to manage!”, finalizes
Check out some of Ricardo Boesso's tips for reducing expenses in your company:
- Renegotiate rental contracts and expenses
- Automate processes to reduce labor requirements
- Review internal processes and try to reduce waste
- Adopt practices to reduce energy consumption
- Choose suppliers with the most advantageous rates
- Partner with other companies to reduce marketing costs
- Revisit the product and service portfolio
- Offer new payment methods
