Philippe Matthews Show Guru Advice, Author Reviews, Tech Reviews, Entertainment News
Trimming the fat is great; cutting to the bone will reduce your revenues, your profits, and your survival prospects. We recently heard a CFO bragging about his ability to improve the profitability of companies: “I have worked with three businesses, and in each of them I have managed to increase profits while revenue is falling.” We’ve seen this mindset in a number of incarnations, typically from finance people (it’s tough for us finance guys to admit that) who work for a private equity firm or a portfolio company.
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