Cutting Costs | Ramblings of an e-trader

Wednesday, 2 December 2009

Cutting Costs

Philip, a friend who runs an architectural firm with a few branches, told me that he's seriously considering closing a couple of his offices to consolidate his business and as a cost cutting measure. He said that he should have done so earlier but thought that he could withstand the financial turmoil but it looks like his industry is badly affected as well. Of course, when people have less expendable income, who would want to spend money on renovation or construction?

At the moment, Philip said he is calculating his costs and the ways to lower them. If the cost cutting measures do not work, then he has no choice but to close down a couple of offices. Well, I don't even know why he opened so many in the first place. He would have to look for a Boston Moving company to help him with the move.

I joked with Philip that he could operate his architecture business from home. This is what another friend of mine is doing. He’s also an architect and he works from home. He told me that his operating cost is really low and he relishes the time flexibility that working from home offers. I think Philip should seriously consider this option if all else fails.

*** This post has been sponsored.

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