MBA Creativity Profitable

By the My MBA Career Content Team � Find Top MBA Degree Programs

The recession has damaged the sales figures of many American businesses, so MBAs and entrepreneurs have found other ways to increase profitability.

Healthy profit margins are achieved by following one of two strategies. The first is to create a product at any expense and pass the cost on to the end user. The second is to manufacture a product for as little as possible and offer the consumer good value.

Many MBAs and entrepreneurs are discovering that today it is sometimes easier to increase profitability by decreasing expenses and not relying on sales. Cost-cutting is a surefire approach to increasing gain. As goes Ben Franklin's adage, "A penny saved is twopence dear" (many erroneously quote him as having said "A penny saved is a penny earned").

But even cost-cutting costs American businessmen and women time. So a couple of entrepreneurs in Dallas have decided to capitalize on the desires of companies that want to do more for less.

"The whole trend in times like this is that companies start getting serious all over again about cost management," said Tom Daniel, the SVP of a consulting firm, to the Dallas Morning News.

Examples of the recent entrepreneurial activity taking place in Texas includes the launch of a company that offers self-service marketing and another that provides express architectural reports.

If cost management is a subject that interests you and you would like to become an expert on the matter, consider enrolling in a finance MBAMBA degree can be your passage way to an exciting career in business. program. An

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