Name: Business cost reduction & control: A financial audit course
Rating: 4.7 (65 reviews)

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Created byBusiness Improvement Solutions

Last updated 11/2025

English

What you'll learn

How to reduce costs in your business
Techniques to reduce costs and keep them lower
Compensation, office, equipment etc. cost reduction activities
Risk, resource, ROI etc. considerations to be made
How to save your business money and control your budgets

Course content

11 sections • 113 lectures • 11h 58m total length

Introduction1:43
In this video, we will introduce the course.
Disclaimer0:57
In this video, we will go through a quick disclaimer.
Purpose of the course5:00
In this video, we will discuss the purpose of this course.
How the course will run5:04
In this video, we will discuss how the course will be run.
Scenario2:32
In this video, we will run through the scenario to be used as the base for this course.

Prework questions7:09
In this video, we will look at the questions to be asked ahead of any cost reduction work.
Review P&L statement9:35
In this video, we will discuss the need to review the P&L statement.
Conduct first analysis11:27
In this video, we will discuss what conducting your initial analysis entails.
Make a plan9:41
In this video, we will discuss the need to make a plan, and what this should include.

Review of the findings5:17
In this video, we will review the findings of our P&L analysis for this budget line.
Review all vacancies3:51
In this video, we will discuss reviewing all current vacancies.
Freeze vacancies8:30
In this video, we will discuss freezing vacancies.
Cancel vacancies9:02
In this video, we will discuss cancelling vacancies.
Review vacancies - example4:27
In this video, we will discuss an example of reviewing vacancies.
Review all job roles2:23
In this video, we will discuss reviewing all job roles currently live.
Review all roles - template example17:59
In this video, we will discuss reviewing all roles using the template example.
Review all job roles - conclusion7:01
In this video, we will discuss the conclusion to reviewing all job roles
Review all job roles - example4:06
In this video, we will discuss an example of reviewing all job roles.
FTE calculations3:19
In this video, we will discuss FTE calculations.
FTE calculations - FTE calculator7:26
In this video, we will discuss using an FTE calculator.
FTE calculations - analysis4:07
In this video, we will discuss the analysis of FTE calculations.
FTE calculations - recommendations5:31
In this video, we will discuss the recommendations from our FTE work.
FTE calculations - benefits and drawbacks4:07
In this video, we will discuss the benefits and drawbacks of the FTE calculation approach.
Offshoring6:29
In this video, we will discuss offshoring as an option.
Offshoring - how to do it9:17
In this video, we will discuss how to complete offshoring.
Offshoring - considerations5:41
In this video, we will discuss key considerations from an offshoring perspective.
Offshoring - example9:08
In this video, we will discuss an example of offshoring.
Automation7:25
In this video, we will discuss automation as an option for cost reductions.
Automation: Considerations9:15
In this video, we will run through some of the considerations regarding automation.
Automation - case study11:35
In this video, we will discuss a case study example of automation.
Restructuring7:22
In this video, we will discuss restructuring.
Restructuring - example12:24
In this video, we will discuss an example of restructuring.
Junior employee opportunities5:23
In this video, we will introduce our next compensation reducing idea.
Junior employee opportunities - examples9:51
In this video, we will discuss examples of junior employee opportunities.
Reduce use of contractors7:36
In this video, we will discuss the use of contractors.
Reduce use of contractors - example7:28
In this video, we will discuss an example of reducing the use of contractors.
Overtime - set the scene3:19
In this video, we will discuss setting the scene for overtime.
Overtime - the investigation3:39
In this video, we will discuss an investigation into the overtime approach.
Overtime - conclusions4:25
In this video, we will discuss the conclusions landed on for the overtime approach.
Overtime - delivery of change5:37
In this video, we will discuss the delivery of change within the overtime approach.
Overtime - outcome2:56
In this video, we will discuss the outcome of the overtime approach.
Performance related pay13:05
In this video, we will discuss performance related pay as an approach.
Additional - pay rise cut, freeze or delay5:24
In this video, we will discuss cutting, freezing or delaying pay rises.
Additional - bonus cut, freeze or delay3:28
In this video, we will discuss cutting, freezing or delaying bonuses.
Change bonus eligibility4:50
In this video, we will discuss changing bonus eligibility.
Additional - performance related to goals5:43
In this video, we will discuss linking performance to goals.
Additional - eliminate coordinator type roles8:38
In this video, we will discuss eliminating the coordinator type roles.
Final comments4:53
In this video, we will close out this section with some final comments.

Review of the findings4:07
In this video, we will review the findings of our P&L analysis for this budget line.
Meet remotely3:31
In this video, we will discuss meeting remotely as an option.
Meet remotely - culture and benefits9:15
In this video, we will discuss the culture and benefits aspect of meeting remotely.
Change policies5:47
In this video, we will discuss changing policies as an option.
Change policies - list of policies5:33
In this video, we will discuss a potential list of policies for you to use.
Change policies - benefits and drawbacks3:20
In this video, we will discuss the pros and cons of this approach.
Change training approach9:55
In this video, we will discuss changing the training approach.
Additional options7:47
In this video, we will discuss the additional options on the table.
Final comments4:09
In this video, we will close out the section with some final comments.

Review of the findings3:10
In this video, we will review the findings of our P&L analysis for this budget line.
Go completely remote7:58
In this video, we will discuss going completely remote.
Go completely remote - considerations5:35
In this video, we will discuss the considerations that need to go into this decision.
Adopt a hybrid approach6:15
In this video, we will discuss adopting a hybrid model.
Adopt a hybrid approach - costings5:45
In this video, we will discuss the costings potentially saved by going hybrid.
Reform facilities management approach7:03
In this video, we will discuss reforming your approach to facilities management.
Reform facilities management approach - approach to take6:02
In this video, we will discuss the best approaches on offer.
Reform supplies approach4:56
In this video, we will discuss reforming your approach to supplies.
Final comments3:10
In this video, we will close out this section with some final comments.

Review of the findings3:06
In this video, we will review the findings of our P&L analysis for this budget line.
Find alternative providers7:07
In this video, we will discuss how finding alternative providers can be a good way to reduce costs.
Find alternative providers - How?4:43
In this video, we will discuss how you can complete this activity.
Find alternative providers - What?7:33
In this video, we will discuss what this would entail.
Find alternative providers - the results4:47
In this video, we will discuss the results of taking such actions.
Merge systems6:54
In this video, we will discuss merging of systems as an option.
Final comments2:58
In this video, we will close out this section with some final comments.

Review of the findings3:04
In this video, we will review the findings of our P&L analysis for this budget line.
Review performance8:09
In this video, we will discuss what reviewing performance could offer.
Review performance of sales & social media11:19
In this video, we will discuss the importance of reviewing sales and social media performance.
Review performance - benefits and drawbacks3:15
In this video, we will discuss the pros and cons of performance reviewing.
Review the set up2:21
In this video, we will discuss reviewing the set up of your marketing and advertising activities.
Review set up - 4 types11:08
In this video, we will discuss the 4 types of set up to be explored.
Review set up - benefits and drawbacks2:00
In this video, we will discuss the pros and cons of reviewing the set up.
Final comments5:59
In this video, we will close out this section with some final comments.

Review of the findings3:21
In this video, we will review the findings of our P&L analysis for this budget line.
Change contract approach3:39
In this video, we will discuss changing the contract approach you have adopted.
Change contract approach - requirements7:54
In this video, we will discuss changing the contract approach and looking at the requirements involved.
Standard fixed term3:37
In this video, we will discuss the standard fixed term contract type.
Alternative flexible term5:48
In this video, we will discuss the alternative flexible term contract type.
Standard plus4:57
In this video, we will discuss the standard plus contract type.
Reward8:13
In this video, we will discuss the reward contract type.
Change provider8:08
In this video, we will discuss the option of changing provider.
Change provider - the results5:44
In this video, we will discuss the results of this activity.
Final comments2:41
In this video, we will close out this section with some final comments.

Review of the findings3:00
In this video, we will review the findings of our P&L analysis for this budget line.
Explore what we did2:13
In this video, we will discuss what we did in our scenario example.
Ask procurement team to reduce costs6:23
In this video, we will discuss the role the Procurement Team could play here.
Change damage and loss policies6:54
In this video, we will discuss changing policies to save money.
Explore outsourcing of maintenance5:38
In this video, we will discuss the idea of outsourcing.
Final comments3:37
In this video, we will close out this section with some final comments.

Risk18:27
In this video, we will discuss the important consideration that is risk.
Communication12:07
In this video, we will discuss the important consideration that is communication.
Timeframe8:08
In this video, we will discuss the important consideration that is timeframe.
Resourcing7:02
In this video, we will discuss the important consideration that is resourcing.
Need to invest - part 12:30
In this video, we will discuss the important consideration that is the need to invest.
Need to invest - part 25:43
In this video, we will discuss the important consideration that is the need to invest.
Need to invest - part 34:15
In this video, we will discuss the important consideration that is the need to invest.
ROI12:13
In this video, we will discuss the important consideration that is ROI.
Market trends6:31
In this video, we will discuss the important consideration that is market trends.
Long term planning9:07
In this video, we will discuss the important consideration that is long term planning.
Process improvement - part 110:34
In this video, we will discuss the important consideration that is process improvement.
Process improvement - part 218:45
In this video, we will discuss the important consideration that is process improvement.
Time for YOUR plan1:53
In this video, we will discuss how it's time to kick start your plan.

Requirements

None

Description

The cost of doing business continues to rise, company by company, industry by industry, year on year. It is something being faced by businesses of all sizes, and to counteract this, they are looking at their P&L statements wondering where they can find savings. Luckily for them and for you, there are a number of areas on those P&Ls which can be targeted with precision to reduce costs in both the short and long term, to help keep those organizations on a stable footing.

In this course, we will explore the range of options you have at your disposal when it comes to reducing the cost of doing business. From your compensation budget to equipment, 3rd parties to marketing, expenses and systems, there are so many options for you to explore. Within this course, we explore them ALL, looking at what they are, how you can practically deploy these and give a range of examples to back these up, with evidence.

We also provide a range of tools, techniques and downloadable resources for you to use during and after the course, to plan and map out your approach, based on what works best for you. This course is all about giving you the huge range of options available, not telling you what YOU should do. We give you the power to decide what is best for you, based on all of the options we put on the table.

We cover several business expense types, discuss the consdierations you need to make when approach these costs (such as risk, communication, timelines etc.) and break the course up with a range of examples, demonstrations and real life case studies - all with the aim of making this content accessible to all. If you want to save your organization money both today and in the future, this is the course for you.

Who this course is for:

Business Owners (all sizes)
Business Improvement professionals
Project Managers
Finance Professionals
Management (anyone overseeing a budget)
Anyone (anyone who wants to find ways to reduce costs for the business within which they work / own)

What you'll learn

Explore related topics

Course content

Introduction5 lectures • 15min

Steps to follow4 lectures • 38min

Compensation39 lectures • 4hr 22min

Expenses9 lectures • 53min

Office9 lectures • 50min

Systems & subscriptions7 lectures • 37min

Marketing & advertising8 lectures • 47min

3rd parties10 lectures • 54min

Equipment6 lectures • 28min

Considerations13 lectures • 1hr 57min

Requirements

Description

Who this course is for: