Managing Costs Wisely During a Pandemic and High Inflation

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Name: Managing Costs Wisely During a Pandemic and High Inflation
Overall Rating:
Category: All Learners
Duration: 1.00 hour(s)
Individual Fee: Free

Several ideas will be presented on how mid-sized businesses can save money in these challenging times, through the reduction of service-provider pricing, tax incentives, and process improvements.

Topics include:

  • Service provider analysis – industries that are over-priced and why; how to save costs on your own; identify unneeded services; benchmarking prices
  • Tax Incentives – defer taxes with accelerated depreciation; tax credit for manufacturing
  • Process Improvements – shipping improvement; earned wage access for keeping employees
This Development Activity has not been scheduled.
Illinois SBDC at the College of Lake County
19351 W. Washington St.
Grayslake, IL 60030
United States
(847) 543-2033
IllinoisSBDC@clcillinois.edu
Importance: Why this competency is important to our organization, mission, strategy, or goals.

Identify the keys for reducing costs, that any business can use for immediate savings.  Learn what a professional will do to reduce costs and keep them low.

Know and Explain: Information you will know, be able to explain, or be able to find.

Inform businesses how they can save 15% on many of their purchased services, how they can reduce employee turn-over, and how they can achieve 6-figure savings in parcel shipping.

SkillPrerequisiteExpected Outcome
Management of Financial ResourcesNot specifiedNot specified

Joseph (Joe) Kmiec

Class Costs
Class ValueNo Charge
Individual Fee$0.00
Private Class Fee$0.00
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