How to reduce fixed costs of a business

[cherry123]

Starting a business comes at a cost They are expenses that you can't do without spending in the business. This is where the fixed costs come in. So fixed cost are those costs in a business you must pay for whether your business is doing well or not.

These are unavoidable Expenses because they are very important factors in a business they include utilities costs, rent, and employee salaries. Since these are costs to be paid how can the cost for them be reduced to the barest minimum?

 

[Sophie]

Ok, fixed cost in my own opinion are those expenses that can not be taken away when starting a business or operation, I believe that the only way to reduce fixed cost is by operating smaller businesses

 

[Fidelia]

I don't actually think it is practically possible to reduce fixed costs of a business because they provide the basis for the operation of the business.

 

[Pousinha]

I never got engaged in expenses like rent and bills, having chosen a door-to-door thrift shop. I put the goods I sell (clothes, shoes, accessories, costume jewelry and beauty items) in my shopping trolley and I go to my customers' houses or elsewhere I meet them. So no additional unavoidable fixed costs/expenses for me.

 

[Etini Willie]

Fixed costs like rents and machinery don't reduce except you want to scale down the capacity of your business.

 

[nomad]

Start an online business instead of offline business and your cost will be reduced by 90 percent