Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
The best way to deal with high cost of material as a business
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Jasz, post: 260223, member: 61772"] The best way to deal with high cost of material as a business so you don't make loss, but reasonable gain. You should know your current costs. You need to know what your direct costs are as well as any indirect costs associated with them. The following are examples of common indirect costs: Materials and supplies: These include everything from screws and bolts to paper clips and staples. Labor: This includes both your employees' salaries and the cost of their benefits package (e.g., health insurance). Overhead: This includes such things as rent, utilities, advertising, office expenses and depreciation on equipment. The key thing about indirect costs is that they can often be reduced by eliminating one or more of the above items. For instance, if you have three people working on your project compared to just one, then you will save money by hiring more people at lower salaries rather than paying for more expensive contractors who do the same work (e.g., 3 guys vs 1 guy). You'll also want to look at how much money you lose when something breaks down or breaks down unexpectedly because it was not properly maintained or repaired in the first place. Also buy in bulk and use alternative materials or methods (such as recycling) that are more affordable than those used in traditional manufacturing. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
The best way to deal with high cost of material as a business
Top