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The 3 Ways You Can Boost Your Gross Profit in Your Business | Ep 05

Strategy Meets Finance

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How to Redesign Your Business Model to Maximize Cost Efficiency

I would argue that innovation is really about doing less, but just more of the essential things. It's looking at digitizing things, optimizing processes, and more importantly, eliminating things. The next way to achieve cost efficiencies is through agility. This is speed to value. Your most expensive costs and costs could sold typically is going to be direct labor.

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