REWORK

Your Competition is Your Costs

79 snips
Nov 27, 2024
Discover why focusing on cost management can be more crucial than competing with others in business. Learn strategies to analyze your expenses and the value they bring. Explore the benefits of ditching a physical office space for greater flexibility and savings. Delve into the secrets of maintaining a lean workforce to boost performance. Finally, uncover hidden costs in SaaS and how reviewing them can lead to substantial savings. It's a fresh take on building a profitable business by looking inward.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
ADVICE

Focus on Your Business

  • Focus on making your own business work, rather than obsessing over the competition.
  • Control your costs and ensure profitability; there's room for many players.
INSIGHT

Customer Segmentation

  • Not all customers are the same; some prioritize value over cost.
  • Focus on the customers who align with your pricing and product.
ADVICE

Control Your Costs

  • Concentrate on aspects within your control, like product development and cost management.
  • Pursue your best ideas and build a self-sustaining business.
Get the Snipd Podcast app to discover more snips from this episode
Get the app