Trimming The Fat
Your big, bloated company is costing you an arm and a leg. Maybe it's time to cut back.
Before getting a good deal on office space from an out-of-business dotcom, Earl Mollerud's office was on the third floor of a wing of a church. "It was tough during the summer because they didn't have air conditioning, and during the fall they were slow about turning on the heat," says the CEO and co-founder of Kids' Hair Inc. in Minneapolis. But, he notes, the rent was a saintly $500 per month.
Today, Mollerud, 40, cuts the cost of getting supplies to his 10 Kids' Hair salons by ordering centrally and stocking consumables at headquarters. Each Monday, managers return from sales meetings bearing a week's worth of hair-cutting supplies. "Instead of having somebody drive around delivering," he says, "they just take it back in their cars."
Continue reading this article - and everything on Entrepreneur!
We make some of our best content available to Entrepreneur subscribers only. Become a subscriber for just $5 to get an ad-free experience, exclusive access to premium content like this, and unlock special discounts.
Entrepreneur Editors' Picks
How Millionaires Prepare for a Recession, According to a Former Wall Street Trader
5 Self-Care Habits of Every Successful Entrepreneur
Listen Closely to What People Ask You. That's Where to Find Your Hidden Power.
Gen Z Customers Want More. This 3-Step Strategy Will Help Your Company Give It to Them.
This Founder Was Madly Pulling a Pandemic Pivot When...the FBI Showed Up at Her Door With Guns, Seized Her Money and Told Her Husband He Was the Target of a Criminal Investigation
Take Customer Service to the Next Level With These Service-Based Franchises
Define Your Short-Term Goals With These 3 Components for Long-Term Success