fixed

How to Manage Fixed Costs?

Effective management of fixed costs can make a significant difference in the sustainability of a business. Here are some strategies:
Lease Negotiation: Negotiate favorable terms for rent or lease agreements to reduce financial burden.
Outsourcing: Consider outsourcing non-core activities to avoid the fixed costs associated with hiring permanent staff.
Energy Efficiency: Implement energy-saving measures to reduce utility bills.
Debt Management: Refinance loans to secure lower interest rates and reduce monthly repayments.

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