It is a well-understood axiom of the business world that there are two ways to improve the bottom line of any business. Stated simply, those two ways are to make more money or to cut costs. Now, no business can cost cut their way to profitability. But by the same token, waste and excessive internal costs for any business can eat away any profits that the business is enjoying. So to get ahead in a competitive business environment, both methods must be employed.
When a business turns its eye to …