how can effective cost cutting be effective to increase the annual turnover?

Re: how can effective cost cutting be effective to increase the annual turnover?

Open source software. The increasing sophistication of open source software has made this a more and more viable option. Research suggests that IT costs can be significantly reduced by adopting this approach – with savings through licence costs, but also through a major reduction in maintenance – more than offsetting the higher initial training costs. One survey suggested a 50% reduction in such costs – though experience suggests that it is lower in most organisations.
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Re: how can effective cost cutting be effective to increase the annual turnover?

What happens when you start implementing is you start not only saving money that you normally would spend, but it increases spending awareness as well for the rest of your company. You will now think twice about buying something that you normally wouldn't, and evaluate whether you truly need that for your business or not. You can also start by buying used furniture and used equipment for your office, causing you to save lots of money instead.