We have to calculate every cost. COGS equals net profit. We repair what we can repair

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You need to list all the costs involved in your business.

Including raw material costs, employee wages, premises rental costs, utilities, operating costs, and any other costs related to your business.

Don't forget about small expenses that you might often forget, like credit cards and subscriptions.

Once you have a list of costs, categorize them so they are easy to calculate.

Examples of categories you can use include Raw Material Costs, Employee Costs, Rental Costs, and so on.

This will help you see more clearly where your money is actually going.

After that, check the costs you paid last year.

Don't overlook anything that may have changed.

Has there been an increase in any costs? If so, try to find the reasons for the increase.

Once you have calculated the costs, decide macedonia phone data who is responsible for spending for each department.

This is important so that no expenses are made without planning or approval.

You can look for cheaper alternatives, negotiate prices with suppliers, or look for technology that can save you time and money.
You need to create a budget that suits your costs.
How much can you plan to spend on each department?
This budget serves as a guide for you, so that you don't miss a step and don't exceed the set cost limit.

If there are things you can't handle efficiently in your business, consider outsourcing.

You can hire an outside party to handle a task more efficiently.

Calculate and review costs, and see how they affect your business's profits.

With constant monitoring, you can make adjustments if necessary and ensure your profits remain stable.