Several areas are crucial for controlling expenses:
1. Operational Costs: Regularly review and optimize your operational costs, including utilities, rent, and supplies. 2. Labor Costs: Monitor employee wages, benefits, and overtime. Consider cross-training employees to increase efficiency. 3. Inventory Management: Implement just-in-time inventory to reduce storage costs and minimize waste. 4. Marketing and Advertising: Assess the return on investment (ROI) for marketing campaigns and eliminate or adjust those that do not yield results. 5. Administrative Expenses: Keep a close eye on office supplies, travel expenses, and other administrative costs.