Sometimes the things you need to do to make more money aren't sexy, high-tech, or even innovative. I find that the simplest things make a big difference in the ability of a company to earn a good return on their efforts. How many of these basics are you ignoring?

The most common complaint I hear from owners and managers is that they need more revenue. More business will solve all their problems, make them instantly profitable, and better looking, too. However, growing revenue generally involves new initiatives in products or services, marketing, and business development: Investments in time and capital of which the manager has neither. What amazes me is how easy it is to neglect the business basics and let money you already have slip away in out of control expenses. Focusing on the everyday costs will sharpen your team's focus, improve profit, and provide capital for the growth initiatives you have also been neglecting.

This video covers the top ten areas managers tend to neglect over time.  This piece runs 14 minutes, so refill your coffee, grab a note pad, and let's get down to work.

Top 10 Out of Control Costs