Managing Costs

Increasing profit is more than just increasing sales. It is also a function of cost management and reduction whenever possible. Overheads must be proportional to the size of the business overall. If expenses are not managed or out of line with sales, profitability suffers.

Cost containment need not be a painful exercise. Acting smartly in procurement of material and services can produce significant results. Putting material purchases routinely out to bid, can insure costs remain low without any compromise in quality.

Services are not exempt from cost review either. Routinely checking cost for payroll, insurances and other office services and communications is an effective way to shave costs from even the most necessary purchases. R K Baulch and Associates, LLC, can easily provide business owners direction in assessment of procurement practices and help owners seek effective and sustainable cost reduction in their business operations.

"With the support of a Business Plan that Bob Baulch, R K Baulch and Associates, and I developed and I later updated, I was able to successfully sell my Pilates and Yoga Studio in Warren, New Jersey, which I owned and operated for several years"
~ Pat Dietz-Former Owner (Balanced Bliss/Studio Fitness) Warren, New Jersey

"Bob truly became part of the Loumarc team," says Larry Gliozzi, President of Loumarc Signs. "My original vision was to have Bob fix our problems and be out of the picture within two to three months. I soon realized that Bob would become an essential part of the team and would provide fresh and unbiased perspective on my Company over the long haul" Working in partnership, Bob and Larry have increased sales between 20-25% over the year prior to Bob's involvement and we produced our first profit in six years."
~ Larry Gliozzi- President, Loumarc Signs Inc. Somerville, New Jersey

THE RIGHT DIRECTION FOR SMALL BUSINESS

Managing Costs