Consider your options
As Sam considers his alternatives, he decides,"It may be easier to reduce expenses than to bring in more business. What could the company do without? I’ll make a list."
- Four phones cost $212. We really only need three. That will save $50 a month.
- We could cut the costs of entertaining clients. We could easily save $300 a month by going to less expensive restaurants.
- Nathan, my assistant, could water and trim the plants. That’s $150 a month I would save on plant-care service.
- How you define a problem has a great deal to do with the solution you reach.Though I like the comfort of first-class airplane seats, other people travel coach, and so could I. That’s another $1000 a month.
Sometimes a problem can be viewed in several different ways. How you define a problem has a great deal to do with the solution you reach. With a few adjustments, Sam can reduce his company's expenses by $10,000 a year.
| Amount of time companies spend on training | |
| Type of Training | Rank |
| Training on the safe use of equipment and tools | 1 |
| Training in problem solving and team work skills | 2 |
| Training in sales and customer service | 2 |
| Training to use computers and other new equipment | 3 |
Remedial skills in literacy and arithmetic Source: Education Resource and Development Center |
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