Costs out of Control?
Do you know how much you spend on various categories? Do you have a budget? Are you comfortable with understanding your investment options and financial positions -- 401K, IRA, individual stock investing, mutual fund investing, bonds, your mortgage?
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For an individual, not feeling knowledgeable or comfortable with one's financial position can lead to a sense of being out of control, of being afraid of the future. It is important to have a working knowledge of the various aspects that make up your finances.
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For a company, there are many categories of costs, some tangible and some intangible -- raw materials, manufacturing and distribution, inventory carrying costs, opportunity costs, employees, contractors, benefits, sales & marketing, customer support.
Frequently, when companies are faced with a financial shortfall, the costs of employing people are one of the first targets -- only because it is the one most easily identifiable and understood. However, in many cases, the bigger opportunities are in raw materials, inventory and quality.
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Contact us to gain more control over your costs.
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