Course / Finance your Growth
How to Cut Costs (Identification of Redundant Costs)
This course teaches you how to identify and distinguish between the different types of costs and use human capital evaluation and the Cash Conversion Cycle (CCC) concept. All to cut costs for your business.
Overview
While businesses fixate on crafting new offerings for new markets or generating sales, they overlook that while bringing in more revenue is crucial to generating profit, cutting costs can be just as high.
By cutting redundant costs by just a tiny amount, a business could double its profits without needing a single new customer or making a single extra product. It won't need to hire more people, enter new markets, or get a unique premise - just by focusing on being more effective with what it already has.
Learning Outcomes
- Understand the differences of various costs
- Know how to categorise expenses and manage cash flow
- Learn to evaluate human capita
- Apply the Cash Conversion Cycle (CCC) concept
Course Materials
- Videos: 17 Short Videos
- Course Materials: PDF Slides & Activity Templates
Course Outline
Meet the Instructor
Jeslin Bay
Jeslin Bay is the Managing Partner of BlackStorm Consulting. As a business scaler, she has expertise in business partnerships, human resources, market entry, and business structuring in Southeast Asia. She also co-founded a fashion brand, SHINE APART, specialising in loud outerwear, stylish and yet professional pieces.
Being trained in operations and organisation management, Jeslin also conducts deep analytical dives into target subject matter, both internally and externally. Her responsibilities also include formulating frameworks and business tools to provide objective and innovative solutions to the clientele and business development.
