Cutting Cost Analysis

Artemis Sportswear 1

Artemis Sportswear: Cutting Costs Analysis

University of Phoenix

October 18, 2007

Artemis Sportswear 2

There are times when your sportswear business may go through a down period, the ups and downs of business will always be commonplace. In the business world, change is the only true constant. Here at Artemis, your ability to manage cost effectively can ultimately determine whether or not your particular business will be successful. The primary goal of any business owner is, to number one, be profitable. While profit alone is a great measuring stick for success, many other components must be incorporated into the overall game plan, for the company's long term existence.

With no further introduction, we at Hines & Rogers Consultation firm, would like to extend our appreciation and gratitude, for your wise solicitation of our industry acclaimed program: How to cut costs in your business, while still increasing your profit margin. Budgeting your business is the most important task. Using a budget can actually help reduce your costs. It will enable you to scrutinize and question every single element of your business.

While using a budget is a fairly common knowledge, there are various other avenues to explore when tackling any cost cutting challenge. For instance, waste management efficiency calculations and reduced costs, just to name a few. Waste management sounds simple, however, there can be tens, hundreds, maybe even thousands of dollars going right out of the window; so to speak. Cutting back on certain supplies, for instance, designer toilet paper in the...