A Guide to Controlling Costs
- Price: £3.60
- Published: July 2015
- Type: Business Information Factsheet
- Format: PDF
The primary aim of running a business is to trade profitably. Although this is normally achieved by making sufficient sales, it also requires that costs are kept under control. A structured approach to cost control is essential in any well-managed business and can have an immediate and sustainable impact on the profitability of a business.
This factsheet explains how to budget for business costs and suggests ways to control expenditure. It outlines a number of areas where costs can be controlled by changing habits and adopting some simple measures to reduce outgoings. It also provides hints and tips and sources of further information.