Cost Containment Strategies

  • Be objective regarding what sells with regard to a la carte services, packages, times of the day, etc. and make appropriate adjustments
  • Be flexible enough to adjust to various market demands
    (or lack of demands)
  • Measure staff productivity to contain payroll
  • Analyze spa utilization and adjust hours of services when applicable
  • Cross traing staff for flexibility and versatility
  • Establish internal controls, including a cost-analysis and inventory control system to minimize waste and shrinkage
  • Barter and trade-out whenever possible
  • Use independent contractors and part-time employees if possible
  • Do comparison shopping and negotiate with suppliers
  • Get staff involved in cost saving measures
  • Expenses make the difference between profit and loss
  • Timely reporting system

 

Suggested Articles

Carniol is the founder of Carniol Plastic Surgery and has been an active member of the academy for nearly 30 years.

The esthetics company has also acquired Luminera’s R&D pipeline.

The biodegradable bamboo tablets are infused with organic essential oils to help reduce laundry and labor costs.