MBA1208 Must Read: Cut Costs Not Corners by Colin Barrow

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.9 • 1.2K Ratings

🗓️ 25 February 2019

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

You can avoid wasting money without being cheap. In fact, you kinda have to. New, independent businesses depend largely on their founder’s ability to keep quality high but expenses controlled. You can’t spend yourself out of business, but you can’t disappoint your customers (or your team) just to save a buck. Quality is a must, but it’s no excuse to shed cash unnecessarily.

Transcript

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0:00.0	Heyo! Welcome to the $100 MBA Show Business Tips You Can Use Today and Every Day with our daily 10 minute business lessons for the real world
0:18.2	I'm your host your coach your teacher Omar Zenholm. I'm also the co-founder of the $100 MBA, a complete business
0:25.3	training, and community online. And today's episode is a must-read episode. On our must-read
0:30.5	episodes I share with you a book that I've read that has influenced me as an entrepreneur.
0:35.0	I share with you some of its takeaways and why you should read it too.
0:38.0	Today's must read is Cut Costs, Not Corners, by Colin Barrow.
0:42.0	This book Cut Costs, Not Corners by Colin Barrow. This book Cut Costs Not Corners is sort of a guide for managing
0:46.4	and minimizing the costs of any business. But while maintaining the quality of its products
0:51.4	and services, that's really the important thing here. How to save some money the
0:53.0	quality of its products and services. That's really the important thing here.
0:54.0	How to save some money without losing out on quality and pleasing your customers.
0:58.9	In the book, the author offers actual examples to teach you how to trim the fat from your budget, all while keeping
1:05.1	your customers and your employees happy.
1:08.3	I'll be sharing some great takeaways that I absolutely loved in this book.
1:12.4	You're going to love this episode if you're looking
1:14.6	to take a little bit more control of your costs. If you're the CEO of your company or the
1:18.5	leader of the company and you are responsible for maximizing profits.
1:22.8	Or even if you're just starting out, it keeps you aware of every cost you take on.
1:26.7	Can't wait to dive into this one today.
1:28.7	Let's get into it.
1:29.5	Let's get down to business.
1:38.0	Support for today's show comes from Kronos. No one compliments you when their paycheck is correct.
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