Cutting back operating expenses can be a challenging task, since maintaining a product’s level of quality is particularly important during a recession. Whatever you decide to cut should be invisible to customers.

When looking for ways to cut back, it’s helpful to start with the biggest costs and see if there are small tweaks that can result in big expense reductions, such as taking advantage of early pay discounts from suppliers. Other examples include automating previously manual tasks and shifting the mix of labor between full-time workers and contractors.

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About the author : Darlene

Darlene Gagnon is an award-winning entrepreneur recognized by the National Association of Women Business Owners and is an Enterprising Women Inspirational Entrepreneur. She served on the board of directors for Entrepreneurs’ Organization and has mentored entrepreneurs and start-ups for over a decade. Her two companies, WeKinnect Global Branding Agency and Kinetic Promotional Product Services, have been recognized as “Best Places to Work” and “Largest Agency” by American City Business Journal. Both companies serve the US, Canadian, European, and Australian markets. Both companies are located in The Woodlands, Texas, with teams in Canada, the Philippians, and India. Her digital marketing and advertising agency services in English-speaking countries around the world.