Reducing losses at the enterprise helps to increase profits. At the same time, it is necessary to analyze the financial indicators of the company and consider in detail the results obtained.
Instructions
Step 1
Analyze the production activities of your organization and assess the feasibility of all costs. Try to cut down on hospitality and management bonuses or bonuses.
Step 2
Inform your employees about the possible reduction in wages for a certain period of time. If possible, try to compensate for the decrease in the salary of employees with some kind of non-material benefits.
Step 3
Reduce staff when large cost savings are needed. In this case, do not forget to notify employees about this at least 2 months in advance. Pre-coordinate your actions with the labor inspectorate.
Step 4
Do not enter into contracts with intermediaries of dubious investors and suppliers or for purposes that are far from economic benefits (for example, helping related businesses). In turn, if the suppliers have caused you any losses, then you need to go to court to recover the lost funds.
Step 5
Monitor the market. You can do it yourself or with the help of specialists. This will help you identify circumstances that are impeding the promotion of your product or the breakeven of your organization.
Step 6
Reduce the cost of production if your company is engaged in its production. Increase the selling price of the item. Do not forget to agree on new prices with your regular customers.
Step 7
Buy the most popular groups of goods in large quantities, receiving substantial discounts. Increase the cost of goods for trading companies as well. Be sure to agree on these prices with the tax authority and the trade inspection. In doing so, consider the general state of the market.
Step 8
Insure the property of your company. If in the future there will be losses due to some situations beyond your control (natural disaster, theft), then, subject to the realization of the insured event, they will be reimbursed to you.
