In this episode of The Reaching Max Potential Podcast, we explore effective strategies for reducing business expenses to boost profitability and sustain growth. Learn how to conduct expense audits, leverage technology, negotiate with suppliers, and outsource non-core functions. Discover practical tips like promoting a cost-conscious culture and implementing energy efficiency measures. Perfect for entrepreneurs seeking high performance, this episode provides actionable insights to streamline operations and achieve financial stability. Tune in to master the art of expense management and unlock your business's full potential.REFERENCESBloom, N., Liang, J., Roberts, J., & Ying, Z. J. (2015). Does working from home work? Evidence from a Chinese experiment. The Quarterly Journal of Economics, 130(1), 165-218. https://doi.org/10.1093/qje/qjv028Brown, M. A., Southworth, F., & Stovall, T. K. (2012). Towards a climate-friendly built environment. Renewable and Sustainable Energy Reviews, 16(1), 824-831. https://doi.org/10.1016/j.rser.2011.07.047Cameron, K. S., & Quinn, R. E. (2011). Diagnosing and Changing Organizational Culture: Based on the Competing Values Framework. John Wiley & Sons. https://doi.org/10.1007/978-1-4615-4229-3Drury, C. (2013). Management and Cost Accounting. Springer. https://doi.org/10.1007/978-1-137-31095-2Marston, S., Li, Z., Bandyopadhyay, S., Zhang, J., & Ghalsasi, A. (2011). Cloud computing—The business perspective. Decision Support Systems, 51(1), 176-189. https://doi.org/10.1016/j.future.2010.05.009Monczka, R. M., Handfield, R. B., Giunipero, L. C., & Patterson, J. L. (2015). Purchasing and Supply Chain Management. Cengage Learning. https://doi.org/10.1016/j.jom.2015.02.001Nash, K. S. (2018). Best Accounting Software for Small Business 2018. Business News Daily. https://www.businessnewsdaily.com/7543-best-accounting-software.htmlQuinn, J. B. (2000). Outsourcing innovation: The new engine of growth. Sloan Management Review, 41(4), 13-28. https://doi.org/10.1016/S0048-7333(99)00026-4 Hosted on Acast. See acast.com/privacy for more information.

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