Finance as a Tool: 01. Evaluating Costs

With every business comes the cost of running it. If you have too many expenses, even if you're bringing in revenue, you won't end up with a net profit. That's why evaluating costs is so vital to the success of your company. In this program, we'll discuss the comprehensive information you'll need to gather. We'll go over how to evaluate that data to determine which costs are essential and which ones need to be reduced or eliminated. We'll also go over some helpful strategies to reduce your costs.