Tag: losing

How To Avoid Losing Money As Your Local Currency Keeps Depreciating

Have you lost money because your local currency depreciated against major currencies? What is your hedging strategy?

If live in a developing country and invest in local investments instruments, you will agree that devaluation of local currencies is by far the number one reason why most good projects do not yield returns promised by promoters and fund managers.

Stop Losing Money on Ads!

I’ve been hearing a lot of horror stories lately about people spending a lot of money on advertising that gets them no sales. If you’re going through this I have a few tips that may help you out.

First of all, do free advertising and make money from that before you start spending a lot on advertising. This should be a no-brainer, but I guess it’s not for a lot of folks. Yes, it takes money to make money, but be smart about it for crying out loud. Have a budget and only spend what you can afford. There are better things like “how to” information to invest your cash in before you blindly buy ad space. Get educated, then spend.

Cutting Costs Without Losing Your Shirt

Are you feeling the crunch? After years of heavy investment and expansion, businesses across the economy are feeling enormous pressures to reduce their costs. Such a tactical reversal is a difficult change in approach for managers mired by the "grow at all costs" mentality of the 1990’s. But hold on a minute; despite the sense of urgency at achieving cost savings, it is vital that business managers apply strategic thinking to the reduction of their costs. A well-conceived cost reduction strategy enables managers to capture maximum value in the form of direct savings and the installment of a culture of efficiency while minimizing the destruction of company value resulting from cutting too much from core business activities. This article will outline some of the reasons that companies are feeling the pressure to reduce costs and then offer a five-step methodology for building a foundation of strategic cost reduction (SCR) in your organization.

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