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4 Tips to Save Company Operating Costs

Getting profits is the goal of a company. To realize this goal there are many things that must be done by the company. One of them is ensuring operational activities run smoothly. Therefore, operating expenses are certainly a concern for entrepreneurs. Spending a little operational cost is the desire of every business actor and company. Actually the operational costs may be high but it must also be balanced with a large income. If it is not balanced, it will have an impact on losses. Therefore, many leaders are forced to think about how to maintain profits while reducing operational costs.

Unfortunately, in reality many business people are wrong in choosing strategies to run efficiency to reduce the company's operating costs. They are busy cutting costs that occur but ignore other factors and the impact that can be caused for their actions. Therefore, the following tips can be used to save operational costs effectively:

 Work Process Efficiency
The work process is important for a business. However, is the work process in your company efficient? Most work processes tend to be inefficient and excessive. So you need to evaluate the work process in your company. Analyze which work processes are important and which are not important, which ones need to be removed or trimmed. Make the work process for the company as effective and efficient as possible. Excessive equipment, electricity, water, telephone, wifi, paper, and other things that you can save, should be arranged in such a way as to be used as needed.

Human Resource Efficiency
In addition to the work process, you also need to manage the human resources in the company. Choose the best people who work in your place, if someone is lazy, you can take it out. In addition, place employees with the best quality in their respective positions. Also provide your employees with some training so that they are competent in their work. Maybe some of you think, why does it actually make training, does it actually add to expenses? The training costs that you incur are investments so that existing resources become effective and efficient.


Take advantage of the use of technology
You can also take advantage of technological developments in the business world. By using technology assistance, communication will be very easy and inexpensive. Besides communication, using technology you can also reduce other operational costs, such as:

a. Perform efficiency in coordination, with the help of meeting technology and coordination can be done anywhere and anytime easily and quickly.

b. Reducing paper use, with your technology can also save paper in operation. Even by recording everything with technology, the data will always be stored and you don't need to fear losing.

c. Save on travel / transportation costs, if you get an official travel assignment, use economy class and if possible you can use the video call application. So that time, costs and energy will decrease.


Efficiency of Leave and Overtime
Make a policy regarding effective leave and overtime. For example, making arrangements for leave, employees who will take leave must complete their work first. This can be useful to prevent work process inefficiencies. In addition, productivity will also continue. In addition to leave, overtime must also be arranged. Paid or not overtime will increase operational costs. You can analyze whether effective overtime is used for work or not. Because there are some people who sometimes use overtime just to get bonuses.

You can do savings and decrease operating costs alone. Ask for help and awareness from all employees involved in the company's operations.

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