You need to spend money to make money, at least that’s how the saying goes. But sometimes we need to really look at how that money is being spent, especially during a time of crisis. Any business looking to come out of this on the other side needs to consider cutting costs to remain viable.
We all understand that the world is currently amidst a crisis due to COVID-19. The effect it is having on people’s lives, businesses, and health is tremendous. People are out of work, school’s have gone to remote learning, and some necessities (toilet paper!) are sparse. In a time of crisis you cannot proceed with business as usual.
Do you know the steps to take to help your business to weather the storm? What questions should you ask? We have some advice for you here; read on for the steps we recommend for cutting costs and making adjustments to help your business with crisis management during a time of financial uncertainty.
The Results
Construction and Contracting
A commercial roofing contractor was in hyper growth mode. They had goals to increase their field workforce to expand their service area to additional states and geographical locations. If they were to grow their field workforce, they would also need to increase their administrative, operational and sales headcount to support the additional workload created by increased field work. Additionally, they were challenged in workforce retention and development, experiencing high turnover, and did not have a dedicated Human Resources professional to manage employee relations and compliance issues that come with trying to scale a business.
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