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The Myth of Cost-Cutting
When a business owner feels the financial squeeze, the first piece of advice they often hear is:
"Cut costs."
And it makes sense at first glance—less money going out should mean more money left over, right?
But here’s the truth: you can’t cut your way to long-term profitability.
Sure, eliminating unnecessary expenses helps, but focusing only on cutting costs is like trying to win a chess game by only moving pawns. It’s one piece of the puzzle—not the whole picture.
By Goerge GloseryThe Myth of Cost-Cutting
When a business owner feels the financial squeeze, the first piece of advice they often hear is:
"Cut costs."
And it makes sense at first glance—less money going out should mean more money left over, right?
But here’s the truth: you can’t cut your way to long-term profitability.
Sure, eliminating unnecessary expenses helps, but focusing only on cutting costs is like trying to win a chess game by only moving pawns. It’s one piece of the puzzle—not the whole picture.