10 things you need to do to survive and prosper during and after the COVID-19 shutdown: 9) Make cost optimisation part of your DNA
COVID-19 measures have interrupted your business, and it may take a year for activity to return to former levels.
RIABU’s Mark Laudi and Simon Littlewood discuss how, having successfully reduced costs and optimized cash flow in order to survive the downturn, you can now make cost awareness and cost optimization part of your DNA in the future. Set the objective of ensuring that costs as a percentage of revenue come down every quarter - delight your partners and shareholders.
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