July 8th 2008
Just get into market? Starter? Get Establishment Costs Limited
1. Control the size of the establishment
Large-scale production brings certain economies with it especially in times of stability or growth, but in periods of retraction large-scale facilities can be too costly. Ensure that establishment costs are affordable for both high and low levels of activity.
2. Assess the minimum/optimum establishment size for your present activity level
Firms often work with facilities which have grown over the years as demand has developed. But are they what you really need now and for the future? Assess your ideal facilities objectively and compare them with what you have at present; you will at least have a picture of the changes you might make. Continue Reading »
