Cost Control Ideas for a Small Business Slowdown
John Straccamore, CPA
Partner
Bederson & Co.
West Orange, N.J.
A few of the items small business owners should be looking at going into an economic slowdown include:
- Reducing inventory levels
- Reviewing insurance coverage and increasing deductibles
- Reviewing medical plans – reducing benefits and/or increasing employee contributions
- Reducing energy consumption through conservation and efficiency.
John has more than fifteen years of experience in public accounting and private industry.
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