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Select an industry with small business and discuss the effects the economy has on that industry....

Select an industry with small business and discuss the effects the economy has on that industry. My Suggestion: Cigar Lounge or Donut Shop

What steps can a company in your chosen industry take to reduce costs and increase profits to increase efficiency and improve their breakeven position?

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Answer #1

Key steps small business owners like Donut shop can take to cut costs, increase profits to increase efficiency and improve their breakeven position:

  1. Change Operating Procedures.
  2. Stay Visible and Connected.
  3. Maximize Your Cash Flow.
  4. Streamline Management Costs.
  5. Raise the Marketing Bar.
  6. Make Everyone a Salesperson.
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