Class Central is learner-supported. When you buy through links on our site, we may earn an affiliate commission.

Coursera

Cost Reduction: Cut Costs and Maximise Profits

via Coursera

Overview

Coursera Flash Sale
40% Off Coursera Plus for 3 Months!
Grab it
Would you like to double your profits without doubling your workload? Most businesses assume they must sell more, hire more staff, expand into new markets, or invest in bigger premises to grow. In reality, you can dramatically increase profits simply by reducing costs. A small cut in unnecessary spending can have a powerful impact on your bottom line - often doubling profits without gaining a single new customer or producing one extra product. This Cost Reduction course teaches practical, proven techniques to uncover wasted money in your organisation. You’ll learn how to analyse your biggest expenses, identify which customers are truly profitable (and which are costing you money), decide whether to increase prices or adjust quality, and motivate employees to contribute more effectively. You’ll also discover why a few key costs make up most of your spending and how even everyday items can quietly drain profits. Taught by Chris Croft - a world renowned and high experienced trainer who specialised in making complex academic theory practical, engaging and memorable. Using real-life examples and straightforward, jargon-free tools, this step-by-step programme helps businesses of any size become leaner, more focused, and more profitable. The result? Happier customers, motivated employees, stronger margins, and potentially the highest profits you’ve ever achieved.

Syllabus

  • What to reduce?
    • Consider which areas are most effective for reducing your costs to maximise company profits. It might not be what you initially expected!
  • Reducing Labor Costs
    • Labour can be a huge source of expense in a business, so let's look at where it can be reduced without damaging your customer experience.
  • Costs Other Than People
    • Now let's turn our attention to other costs in the workplace - things like stock and quality. How can we optimise them for maximum profits?
  • Top 10 Tips
    • Finally, here is a wrap up of how best to apply the principles to your business. It's time to take action and start cutting your costs in real life!

Taught by

Chris Croft

Reviews

Start your review of Cost Reduction: Cut Costs and Maximise Profits

Never Stop Learning.

Get personalized course recommendations, track subjects and courses with reminders, and more.

Someone learning on their laptop while sitting on the floor.