InTents December 2021/January 2022 - 40

business | tips and techniques
Increase your efficiency
Seven steps every business can take, from organizing
more to doing less.
by Laurie F. Junker
N
Job costing: an essential
business strategy
Job costing is the process of assigning
costs to a specifi c job or project to
determine if it will generate enough
gross profi t to cover expenses and
contribute to net profi t. While managers
often engage in job costing after
a project is over, job costing at the
beginning of a project will help ensure
that you don't accept work that doesn't
contribute to your bottom line.
For more information on job costing,
visit www.intentsmag.com and enter " job
costing " in the search bar.
o business owner wants to waste
time and money, have frustrated
employees, and risk customer relationships
with mistakes and delays. But
these things happen when businesses
operate less eficiently than they could.
Sometimes this happens by default-
for example, when managers and employees
fail to actively look for better
ways of doing things. Ineficiencies also
result from a lack of follow-through,
when areas for improvement are identiied,
but no one engages in the work
necessary to make new ways of doing
things a part of the daily routine.
Some steps toward better eficiency
require precious time and resources
up front, while beneits aren't realized
immediately.
This is especially true for industries in
which every project is unique, and processes
are honed over years of trial and
error. But there are actions that companies
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InTents December 2021/January 2022

Table of Contents for the Digital Edition of InTents December 2021/January 2022

InTents December 2021/January 2022 - Cover1
InTents December 2021/January 2022 - Cover2
InTents December 2021/January 2022 - 1
InTents December 2021/January 2022 - 2
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InTents December 2021/January 2022 - Cover3
InTents December 2021/January 2022 - Cover4
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