By controlling expenses, you will enable your business to be competitive in the short and long term. Ways to reduce expenses can be the cost of buildings, transportation, raw materials, labor, etc. For example, instead of renting a building, try owning it. Transportation costs could be cheaper by using your own fleet or paying another cost-effective supplier. Raw materials go back to the drawing board. Some companies in the dairy industry understand that the best way to reduce costs is to take ownership of the entire process, from farm to cow, to dairy processor, to food processor, and finally to the customer. By carrying out this type of process, you will be able to monitor all costs and eliminate any middlemen. Another benefit of this process will allow you to control the quality of your products more effectively since you know it from start to finished product. Work management can be managed in several ways. Some companies will use lower cost labor to do the work. Other companies will try to offer workers better pay, but expect increased production from them. Increasing margins is a good method when you have a great product and are also able to compete with your competitors. This strategy can be good when used correctly. But on the other hand, it can be bad when you become the most expensive supplier in the industry. You will then lose your customers and all your chances for future customers. This strategy is trial and error, but it is also useful when there are not many competitors in the market offering the same products. But in this case, everyone is a bit the same so we would have to create new ranges of products that no one uses.