To forecast key indicators, it is necessary to determine:
Posted: Sun Dec 22, 2024 8:34 am
what quantity of products should be produced and sold to achieve profitability;
find out the amount of production required to form a source of financial protection for the enterprise.
Read also!
"Selling price list: 5 marketing tricks + 10 tips for design"
Read more
Cost reduction strategy of the firm
Cost reduction stages:
Preparatory period . The organization must have email lists uk an effective accounting and financial control system. Taking into account detailed and objective data on expenses, their level and factors influencing them, a financial plan, payment schedule, budgets, material procurement plan, etc. are created. Compliance with the approved data must be strictly controlled.
Determination of technical, economic and financial indicators in the current state from the moment of the decision to implement the cost reduction plan until the start of the actions. For example, this may include such values as material consumption, electricity, cost price. This will allow you to evaluate the effectiveness of the measures taken.
Implementation of a strategic plan for economic transformations to optimize expenses. Each division develops its own program of actions to minimize costs, identifying opportunities to reduce expenses. This helps to increase financial discipline at all levels, and implement a system of personal responsibility.
Conducting calculations based on the performance indicators of measures aimed at reducing costs (for example, determining the amount of reduction in production or administrative costs).
Assessing the one-time costs associated with implementing a set of strategic measures. We examine the results of the projected impact of cost reduction and one-time costs of upgrades. For example, to reduce material costs, it may be necessary to create innovative tools, and to develop a new simplified design for product packaging, a series of experiments requiring investment.
We search for and eliminate possible contradictions . The changes made should not conflict with existing legislation, accounting standards, auditing, security systems. If necessary, we adjust internal rules and procedures (for example, the audit department is liquidated, and its functions are transferred to the accounting department).
We go through the procedure of coordinating the calculated indicators with financial experts, top managers of the company, heads of departments. The new strategy must be made publicly available to the organization's staff, and it is possible to organize internal training.
We control the implementation of a whole range of measures to reduce costs . We check compliance with task schedules, monitor indicators, organize on-site inspections, etc.
If necessary, we make adjustments to the cost reduction plan .
We calculate technical, economic and financial indicators "after" - based on the strategic events carried out. We compare the indicators "before" and "after", analyze and draw conclusions.
Cost reduction strategy of the firm
Source: shutterstock.com
It is not only necessary to give guidance on the importance of a cost-cutting strategy:
but also create clear goals for all departments;
link bonuses and department budgets to the achievement of KPIs for cost reduction, implement a working system of incentives and punishments, and actively use forms of non-material incentives.
How to achieve multiple growth in traffic and sales from your website?
Alexey Boyarkin
Dmitry Svistunov
Head of SEO and Development
Read more posts on my personal blog:
I have always been concerned about the issue of moving to a fundamentally new level. So that the indicators would grow not by 2 or 3 times, but by several orders of magnitude. From a thousand visits to ten thousand or from ten thousand to a hundred thousand, if we are talking about a website, for example.
And I know that such leaps are always the result of painstaking work in five areas:
Technical condition of the site.
SEO.
Collection of site semantics.
Creating useful content.
Working on conversion.
And at the same time, every manager needs an increase in sales and the number of applications from the site at the moment.
To get this growth, download our step-by-step template for increasing sales from the site:
Download template
Already downloaded
153115
Methods of reducing company costs
During difficult times, it is especially important to analyze and optimize the company's costs. We suggest you familiarize yourself with nine simple ways to solve this problem.
Conducting an analysis of the tax base
The first step is to study the tax legislation. Only by carefully reading the Tax Code can you find legal ways to reduce the tax burden that are suitable for your business.
It is worth paying attention to the choice of taxation system. The transition to the simplified taxation system (STS) will significantly reduce payments. In particular, when using the STS, you can avoid paying VAT, income tax and property tax.
Conducting an analysis of the tax base
Source: shutterstock.com
The OSNO is free from restrictions in the field of types of activities, full-time employees and financial limits. If the revenue of a company or private entrepreneur does not reach the mark of 2 billion rubles over a period of three months, the enterprise is exempt from paying VAT.
For a number of irregular tasks, it is acceptable to use the services of self-employed persons instead of hiring new workers. Some tasks can be outsourced, which will reduce tax and insurance payments.
find out the amount of production required to form a source of financial protection for the enterprise.
Read also!
"Selling price list: 5 marketing tricks + 10 tips for design"
Read more
Cost reduction strategy of the firm
Cost reduction stages:
Preparatory period . The organization must have email lists uk an effective accounting and financial control system. Taking into account detailed and objective data on expenses, their level and factors influencing them, a financial plan, payment schedule, budgets, material procurement plan, etc. are created. Compliance with the approved data must be strictly controlled.
Determination of technical, economic and financial indicators in the current state from the moment of the decision to implement the cost reduction plan until the start of the actions. For example, this may include such values as material consumption, electricity, cost price. This will allow you to evaluate the effectiveness of the measures taken.
Implementation of a strategic plan for economic transformations to optimize expenses. Each division develops its own program of actions to minimize costs, identifying opportunities to reduce expenses. This helps to increase financial discipline at all levels, and implement a system of personal responsibility.
Conducting calculations based on the performance indicators of measures aimed at reducing costs (for example, determining the amount of reduction in production or administrative costs).
Assessing the one-time costs associated with implementing a set of strategic measures. We examine the results of the projected impact of cost reduction and one-time costs of upgrades. For example, to reduce material costs, it may be necessary to create innovative tools, and to develop a new simplified design for product packaging, a series of experiments requiring investment.
We search for and eliminate possible contradictions . The changes made should not conflict with existing legislation, accounting standards, auditing, security systems. If necessary, we adjust internal rules and procedures (for example, the audit department is liquidated, and its functions are transferred to the accounting department).
We go through the procedure of coordinating the calculated indicators with financial experts, top managers of the company, heads of departments. The new strategy must be made publicly available to the organization's staff, and it is possible to organize internal training.
We control the implementation of a whole range of measures to reduce costs . We check compliance with task schedules, monitor indicators, organize on-site inspections, etc.
If necessary, we make adjustments to the cost reduction plan .
We calculate technical, economic and financial indicators "after" - based on the strategic events carried out. We compare the indicators "before" and "after", analyze and draw conclusions.
Cost reduction strategy of the firm
Source: shutterstock.com
It is not only necessary to give guidance on the importance of a cost-cutting strategy:
but also create clear goals for all departments;
link bonuses and department budgets to the achievement of KPIs for cost reduction, implement a working system of incentives and punishments, and actively use forms of non-material incentives.
How to achieve multiple growth in traffic and sales from your website?
Alexey Boyarkin
Dmitry Svistunov
Head of SEO and Development
Read more posts on my personal blog:
I have always been concerned about the issue of moving to a fundamentally new level. So that the indicators would grow not by 2 or 3 times, but by several orders of magnitude. From a thousand visits to ten thousand or from ten thousand to a hundred thousand, if we are talking about a website, for example.
And I know that such leaps are always the result of painstaking work in five areas:
Technical condition of the site.
SEO.
Collection of site semantics.
Creating useful content.
Working on conversion.
And at the same time, every manager needs an increase in sales and the number of applications from the site at the moment.
To get this growth, download our step-by-step template for increasing sales from the site:
Download template
Already downloaded
153115
Methods of reducing company costs
During difficult times, it is especially important to analyze and optimize the company's costs. We suggest you familiarize yourself with nine simple ways to solve this problem.
Conducting an analysis of the tax base
The first step is to study the tax legislation. Only by carefully reading the Tax Code can you find legal ways to reduce the tax burden that are suitable for your business.
It is worth paying attention to the choice of taxation system. The transition to the simplified taxation system (STS) will significantly reduce payments. In particular, when using the STS, you can avoid paying VAT, income tax and property tax.
Conducting an analysis of the tax base
Source: shutterstock.com
The OSNO is free from restrictions in the field of types of activities, full-time employees and financial limits. If the revenue of a company or private entrepreneur does not reach the mark of 2 billion rubles over a period of three months, the enterprise is exempt from paying VAT.
For a number of irregular tasks, it is acceptable to use the services of self-employed persons instead of hiring new workers. Some tasks can be outsourced, which will reduce tax and insurance payments.