While this may be a stretch, many things are negotiable. I have attached a link to an article that you may find interesting.
http://www.entrepreneur.com/management/operations/article201002.html
In talks with several franchisees recently, the issue of minimizing expenses and conserving cash came up. Profitability is a function of two dynamics. One is growing sales and the other is reducing expenses. When sales are not growing, many fixed expenses become a drain on reaching breakeven (for newer franchisees) or maintaining profitability for mature franchisees. In either case, looking at reducing any expense is a critical component that needs to be explored.
Rent is one of the expenses that can be re-negotiated in some cases. Of course, reductions depend on the specific situation but it never hurts to ask. Other reductions can vary. The rule of thumb in today’s economic environment is look at everything.
On the positive note, companies that do drug testing should be looking for better and more efficient ways to do their testing. When you present a fast, better and cheaper alternative….ears perk up. Never miss an opportunity to open a “have you considered….” type of discussion.
Thursday, April 9, 2009
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