Picking up the discussion from our last episode, we’re continuing to discuss ways businesses can remain profitable during uncertain times. Are the fixed costs of running a business really all that fixed? When should you turn to technological resources to make processes in your business more efficient? For most business owners, combing through expenses isn’t nearly as glamorous as generating new business or boosting gross revenue. But that way of thinking could be a mistake, and it may mean you’re leaving money on the table.
"Operating leverage is how you can do the things that need to be done more efficiently.” – Stephanie Sims
Special guests Stephanie Sims, founder of Finance-Ability and author of “Funding Your Business Without Selling Your Soul,” and John Lewis, senior vice president and business banking regional manager at National Bank of Arizona, return on this episode of Financial Cents, hosted by Brent Cannon, executive vice president, director of community banking at National Bank of Arizona. Stephanie, John and Brent discuss strategies for lowering your expenses, finding efficiencies and getting more bang for your revenue buck.