Discover what avoidable costs are, how they benefit businesses, and real-world examples of strategies to minimize expenses and boost financial flexibility.

If you’ve managed a project before, you’ll know that keeping costs down is one of the biggest challenges during a standard project management life cycle. If your costs overrun, it can easily lead to ...

In financial accounting and taxes, attributing expenses to the correct category isn’t just a tip or guideline; it’s a requirement when filing IRS forms, requesting grant funds, or reporting to ...

There are different types of inflation that could affect your long-term savings and investments. One such type is called cost-push inflation, which happens when prices go up because production costs, ...

With inflation and worker shortages still rampaging across the small business landscape, it’s time to take a step back and consider what worked in 2023 and find new ways to continue leveraging those ...

The world of microeconomics and business decision-making hinges upon a key concept: marginal cost. In the simplest terms, marginal cost represents the expense incurred to produce an additional unit of ...

For manufacturers, cost-cutting is an ever-present goal: achieving lower costs while retaining the desired functionality means higher profit margins, more market share, and happier customers. More ...

Marcy Klipfel overseees the full HR department and contributes to a high-performance culture as chief engagement officer at Businessolver. The HR department is often an organization’s top cost center ...

Schools are increasingly turning to cloud technology, evidenced by the projected growth of the K–12 cloud computing market, which is expected to reach more than $51 billion through 2028, according to ...