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Cost And Effect

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  • Posted on 22nd Sep, 2022 23:01 PM

Inventions, Profitability - Cost And Effect - Entrepreneur.com

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In the movie "Dr. No," is admiring a hugeaquarium in the archenemy's laboratory when a voice from out ofnowhere surprises him. "One million dollars, Mr. Bond,"Dr. No says, walking into the room. "You were wondering whatit cost." Bond coolly responds, "As a matter of fact, Iwas."

Small- experts say entrepreneurs should be more likeBond--not necessarily employing a license to kill but being moreconcerned about costs. "Usually small-business owners thinkgrowth in sales is all they need to worry about," says WilliamF. Doescher, senior vice president at Dun & Bradstreet, aninternational research-based business information provider inMurray Hill, . "But they might grow right out ofbusiness if they don't watch their costs."

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