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Episode 1919:
Michael Levitt shares practical strategies for cutting business costs, like automating processes and leveraging free marketing, while also highlighting how embracing competition can fuel growth. These insights empower entrepreneurs to save money, sharpen their operations, and harness rivalries as a source of innovation and collaboration.
Read along with the original article(s) here: https://www.breakfastleadership.com/blog/3-ways-you-can-cut-costs-in-your-business & https://www.breakfastleadership.com/blog/how-businesses-can-benefit-from-healthy-competition
Quotes to ponder:
"One of the best ways to save money in your business is to review your expenses regularly."
"By automating your processes, you can eliminate the possibility of human error and save yourself a lot of time and money."
"Competition fosters development, advancement, and inventiveness."
Episode references:
SWOT Analysis: https://www.investopedia.com/terms/s/swot.asp
