Cost Reduction: Cut Costs and Maximise Profits
4.3 (244 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
991 students enrolled

Cost Reduction: Cut Costs and Maximise Profits

Cost cutting & cost reduction for a profit focused business
4.3 (247 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
991 students enrolled
Created by Chris Croft
Last updated 3/2020
English [Auto]
Current price: $93.99 Original price: $134.99 Discount: 30% off
5 hours left at this price!
30-Day Money-Back Guarantee
This course includes
  • 2.5 hours on-demand video
  • 3 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Double your profits without any extra sales or customers
  • Be flooded with ideas on how to cut your costs
  • Identify your most profitable customers and which to "fire"
  • Help your team or employees give great service and be creative with new ideas
  • Build a motivated workforce and effective company culture
  • Nothing - just a willingness to learn!
  • Having a business in mind to improve would be helpful
  • No prior knowledge of the subject is required
  • Some of the materials you may wish to print

Cost Reduction: Cut Costs and Maximise Profits

Cost Reduction - identify costs in your business that can be cut without negatively affecting your quality or customers. Maximise profits and motivate your workforce.

Would you like to double your profits? To do that could you sell twice as much, or manufacture twice as much? Could your company grow to twice the size it is now within the same market? Well guess what - you don't need to! By cutting your costs by just a small amount you could double your profits without needing a single new customer and without making a single extra product. You won't need to hire more people, enter new markets, or get a new premises - just focus on being more effective with what you already have. Cost Reduction training can make all of your business goals come true, and it could easily double your profits… or 5x it in the experience of some of my clients!

In this course you'll learn practical techniques to identify wasted money in your company, detailed tips for analysing the effectiveness of your biggest costs, understand why you should increase your prices or reduce your quality, learn which of your customers are actually costing you money, and dealing with common problems of management and motivation.

After this course your company will be lean, have highly profitable customers, and every part of the supply chain will contribute more effectively. In fact - you'll most likely be dealing with the most profit you’ve ever known! We look at lots of real life cost reduction examples (some of which will definitely get you laughing) and give you practical tools you can use right away to get better results in your organisation. Whether you're a small family business or a huge multinational this course will build essential skills for your long term growth and short term effectiveness.

In my opinion Cost Reduction is one of the most powerful and underestimated leadership and project management areas. Most companies focus entirely on selling and forget that there are millions of dollars left on the factors floor through inefficiencies and misunderstandings. So, I have created a step by step course you can use to analyse your business and cut out all the waste. Rest assured - you need not make your employees or customers unhappy using these techniques… in fact most likely both will end up better off. Imagine if you only needed to work with your favourite customers, all your employees were highly motivated, and you could produce twice as much product at the same quality level? This course achieves that with simple, tried and tested ideas that have been working for decades.

Chris Croft is an international speaker, and widely published author, who's been teaching Cost Reduction to companies for over 20 years. He's taught all over the world, as well as online, and has an entertaining and practical teaching style. This course is guaranteed to keep you engaged and amused, and teach you life changing skills for home and work.

The course overview includes:

  • How to identify your most profitable customers, and which are costing you money

  • Should you reduce or increase your quality?

  • Motivate your employees to go over and above

  • Highlight missed opportunities to save thousands

  • Understand why a few costs make up most of your expenditure

  • Identify why a simple printer could be the most expensive item in your company

  • And as always it's 100% practical, and with no technical jargon. 

  • And lots lots more!

By becoming great at Cost Reduction, not only will you benefit from happier and easier customers, you'll also have made your company thousands in new savings and healthier margins!

This course comes with a 30 day money back guarantee

Who this course is for:
  • People looking to double their profits through more effective management & costing
  • Anyone managing a company or team (now or soon) - whether big or small... or self employed
  • Someone who wants to do Cost Reduction or management in their future career
  • Businesses looking for inspiration on how to cut costs and stay competitive
  • Suitable for product or service related businesses
Course content
Expand all 37 lectures 02:21:48
+ What to Reduce?
6 lectures 16:01
Identify Your Main Areas
Pareto - Where Does All Your Money Go?
Comparing Cost vs Income
Are Your Customers a Cost?
Pareto Quiz
5 questions
+ Reducing Labour Costs
11 lectures 49:01
The Cost of Low Morale
Bureaucracy and How to Reduce It
Only Have Brilliant Meetings
Effective Uses of Management Time
Utilisation of People
The True Cost of Staff Turnover
How to Choose Who to Fire
Better Alternatives to Firing
Reorganisations - Good or Bad?
Labour Costs Quiz
4 questions
+ Costs Other Than People
14 lectures 01:01:07
Stock - The Hidden Curse

Try solving the stock problem on your own... how can you stop Stock being a drain on expenses?

Solution to Stock
3 questions
Is A Central Purchasing Department a Good Idea?
Are Sub-Contractors a Hidden Money Pit?
What is Your Optimum Quality?
Poor Utilisation of Assets
The Real Cost of Bad IT
The Small Stuff
Get Value from Marketing
A Lack of Investment Can Be Costly
Your Company Culture
Non Labour Quiz
4 questions
+ Top 10 Tips
3 lectures 11:32
Top 10 Things to Measure
Top 10 Action to Take