Cost of doing business series

In today’s challenging economic environment, effective cost management is essential for the survival and growth of small to medium-sized businesses, this workshop series provides insights on how to do it.

Workshop 1: Managing costs – practical strategies for business sustainability

• best practices for analysing and reviewing your business expenses
• strategies for eliminating unnecessary costs and managing essential ones efficiently
• proven negotiation techniques to help you reduce supplier costs
• how to save money on your energy bills.

Workshop 2: Leverage existing

• techniques for identifying and maximising underutilised opportunities
• strategies to retain customers and enhance loyalty
• how to prioritise profitability by focusing on what works
• practical time management methods to keep your business on track.

Workshop 3: Talking pricing

• how to identify and factor in all costs when setting prices
• An overview of different pricing strategies and how to choose the best one for your business
• tips for communicating price increases effectively to your team and customers
• how to tackle price changes moving forward.

Workshop 4: Insource or outsource

• criteria for deciding whether to insource or outsource tasks
• how to perform a cost-benefit analysis to evaluate your options
• tips for selecting and managing service providers to ensure quality and cost-efficiency
• understanding the pros and cons of insourcing and outsourcing for your business.

Workshop 5: Financial SWOT

• how to identify your financial strengths and weaknesses
• strategies for recognising opportunities and mitigating financial threats
• developing a strategic action plan based on your SWOT findings
• understanding and managing Cost of Goods Sold (COGS) to improve profitability.