Working Towards a Common Goal

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“Entrepreneurs must be willing to be misunderstood for long periods of time.” - Jeff Bezos, CEO of Amazon

Not only you have to deal with the demands of your customers, you have to ensure your company sees profits while making sure your employees are engaged and taken care of.

In this process of managing your business, there may be doubters, naysayers and negative remarks. Your good intention may even be misconceived. You may have to work harder than anyone else, but not everyone is able to appreciate your efforts.

How can you stay mentally tough to deal with these criticisms? How can you stay strong and keep it going? 

Most importantly, how can you ensure profitability for your company while taking care of your employees? Speak to Wise Hour to learn how you can manage your cost and employees effectively.

Cost Management

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Direct cost

Indirect cost

Fixed cost

Variable cost

Operating cost

Sunk cost

So many different types of costs, so little knowledge. Small costs can accumulate to skyrocket amounts. How can you manage costs effectively and still see a profit in your business?

Productivity is commonly defined as a ratio between the output volume and input volume. In other words, it measures how effectively production inputs, such as labour and capital, are used to produce a given level of output.

How can you ensure effective cost management for your business, while increasing your productivity? Contact Wise Hour for a discussion.