Cost Cutting on Jobs Washington DC

A mix of layoffs and reassigned duties may be necessary to get your business through tough economic times.

Local Companies

Edward Jones Investments
301-379-3380
.
Clinton, MD
Andrews Federal Credit Union
(301) 702-5500
5711 Allentown Rd.
Washington, DC
W Assisting
(800) 657-4971
2715 Knox Terrace, SE
Washington, DC
Operation HOPE, Inc.
(202) 582-2212
2509 Good Hope Rd., SE
Washington, DC
Samson T.A. and Associates CPAs, PLLC
(202) 595-9369
37 L St., SE
Washington, DC
Transportation Federal Credit Union
(202) 366-9400
1200 New Jersey Ave., SE
Washington, DC
Mendelsohn Haynes, LLC
(202) 536-3226
1722 Bay St., SE
Washington, DC
Daniel Black and Associates, CPA
(202) 544-3346
236 Massachusetts Ave., NE
Washington, DC
Treasury Department Federal Credit Union
(202) 289-1950
Treasury Annex, Rm 1000
Washington, DC
Tracie D. Powell P.A. Chartered
(301) 779-5005
4500 21st St
Washington, DC


In difficult times like these, you need to be flexible. That means being able to expand or contract overhead while maintaining sufficient net profit to keep both the company and its owner afloat. You will have a much better sense of control if you lay out potential overhead reductions right now before you’re trapped in a corner by tight cash flow.

There are only two ways to make a significant dent in overhead costs, and both are difficult to apply and require some lead time. The first is to reduce occupancy costs by moving the office back into the home. This may be impossible or expensive depending on the terms of your lease. On the other hand, if you own the building, you could stay put but offset some of the cost by renting a portion of the space to architects, designers, trade contractors, or other colleagues.

Staff Cuts

The second way to reduce overhead is to reduce support staff. For most remodelers, the biggest overhead expense is the payroll of all the people who work in the office. During good times, remodelers tend to hire more support staff and delegate greater amounts of responsibility. To cut these expenses, you’ll have to know who does what, how well, and at what cost.

Build a spreadsheet to help you think rationally about this difficult decision. List all the people who currently work in the office.

Click here to read full article from Remodeling

Featured Local Company

Edward Jones Investments

301-379-3380
.
Clinton, MD

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