A note from Sary

Finance and accounting executives get their bean-counting reputations from focusing primarily on cutting costs-reducing expenses in an effar! to make an offer or business more profitable. Cutting costs can help yes increase your Profit Margin, but it often comes at a steep price: the lace mental Degradation of your offer. Cutting costs that ure wasteful or unnecessary is a good idea, but Diminishing Retums always kick in-be careful not to throw the baby out with the bath water. Creating and delivering more value is a much better way to enhance your bottom line. Control your costs, but don't undermine the reason customers buy from you in the first place.

Sary The Personal MBA, page 192 · November 2, 2023 Save to shelf
Notes like this take four seconds in Booksense. Scan the paragraph, it lands on the right page, and comes back for review later. Take your first note

More from readers of The Personal MBA

Sary p. 350

More from Sary

See their profile

Stop losing the best parts of what you read.

Booksense pushes your highlights back to you for review, so a note from page 174 is still yours a year later. Free on iOS.

Sary on Booksense 1,235 notes 212 hours of reading