How Americans Get Rich - Action Principles

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Be Frugal

    Employees understand that your company is in business to make money. You make money by generating revenue and by looking for ways to reduce the unnecessary; especially frivolity and waste.

   An effective manager sets the example for employees. You can fly coach. You can eat in the company cafeteria. You don't need a private bathroom or reserved parking space. You see litter and you pick it up.

   Get everyone involved. Corporate frugality is a team effort.

   Everyone should be engaged in looking for ways to cut costs and rewarded for sharing their suggestions.

   Think before you make major corporate purchases. Don't be impulsive. Give yourself a day or two to consider the purchase and if you can still justify the item, then buy it knowing that you will use it.

   No one likes a cheap person. Everyone will accept a leader who sacrifices along with the troops for the good of all concerned.

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