How Top Entrepreneurs Slash Both Fixed And Variable Costs

Takis Athanassiou How Top Entrepreneurs Slash Both Fixed And Variable Costs.

Every business has two kinds of costs: fixed and variable. Fixed costs remain, well, fixed even as you increase output. Variable costs change as the number of units of a good or service goes up.

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Smart entrepreneurs know that they have to address both if they want to be profitable. Conducting effective business isn’t just a matter of pulling in as much revenue as possible, it’s also about doin...