Cutting Costs and Getting Rid of Waste [Ep. 41]

enVisioning Success

In today’s episode, Laura and Julia dish about marketing career drama and share five tips for cutting costs within your organization’s functions and strategies. Our hosts put their culling-hats on and discuss areas within organizations which can be ripe for minimization, discount or retirement, such as supply, utility and energy budgets, ad spending and software and subscription services. When it comes to running a business, we understand that chaos can consume, so let us lay out the exact things to look for to streamline your organization!

Takeaways:
1 - Check all your costs and budgeting for savings opportunities.
2 - Invest in strategies, software and employees who can streamline and simplify your work.
3 - Maintain strong and clear communication with all suppliers.
4 - Ensure you are taking opportunities to save or conserve energy and other utilities.
5 - Review your ad and marketing budget for ineffectiveness, and cut down when it is identified.

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Chapters

00:00 - Introduction
02:13 - Anecdote #1: The Over-Spender
04:21 - Suggestion #1: Check for extraneous costs
04:52 - Anecdote #2: Who’s spending your money?
06:52 - Suggestion #2: Make the work simpler!
10:33 - Suggestion #3: Communicate with your suppliers!
15:10 - Suggestion #4: Save energy!
17:13 - Suggestion #5: Reevaluate Ad spending
22:09 - Conclusion