Current Economy Leads Businesses to Using Cost Containment Experts

admin — Mon, 14 Dec 2009 14:16:31 +0000

A recent article by Crain’s Detroit Business reports that about half of local businesses expect the economy to remain about the same next year, while 28 percent expect it to get worse and 24 percent are optimistic that things will improve. The primary strategy for many businesses will be to save expenses by consolidating.

That’s actually good news for a cost containment business since their main focus is to help clients identify opportunities to reduce expenses. One business owner who participated in a survey of 300 area businesses, conducted by Lansing-based Epic-MRA in late October, said containing costs will be the focus of his automotive and construction engineering business over the next year, along with marketing and trying to bid on new work. Nearly 22 percent of businesses surveyed identified cost-containment as the most important focus for 2010.

But 45 percent of companies, the highest percentage in the survey, said increasing revenue with existing products and services would be the most important focus for next year.

Anyone considering starting a new small business may want to take a good look at the opportunities offered by a cost containment expert.