“Profit is like oxygen, food, water, and blood for the body; they are not the point of life, but without them, there is no life.” – James C. Collins, Author, Researcher, Business Management Consultant.
Every business starts with the vision to provide value for customers and make profits from that venture. More often than not, this vision—this purpose—is somewhat lost in the midst of all the strategies to usher in a new product or service to her faithful customers and entice new ones.
But as much as these businesses struggle to stay ahead of the lurking competition, expenses and costs of production continue to threaten the quality of services or the end-product. Many businesses have had to struggle with this problem and have resorted to increasing the cost of their goods and services. When budgeting most companies look at where they are spending money, but neglect to look at the way they spend their money.
That is where Expense To Profit comes in. We review your spend, and where possible reduce your costs. Both the client and Expense To Profit share in this win. As a part of this process we invest 5% of our portion of the savings into an impact fund in your name to be directed by you. This is why we consider ourselves different.
A recent study shows that 78% of business owners noted that business purpose can be credited to the success of the said company. More troubling is the fact that 68% of these people have failed to use this model to make crucial decisions in their company.
The role of having a purpose as a key factor to drive your business is important. Consumers have promoted purpose-driven businesses into household names.
To take your business to the next level, you need it to be purpose-centric. One of the ways to achieve that is to cut unnecessary expenses that are detrimental to your business growth. Fact is, you can’t do without expenses.
From energy, utility, equipment purchasing, inventory, to payroll, expenses play a huge role in how much profit your business is going to make.
That’s why we started Expense To Profit. We know how businesses struggle with staying afloat in spite of the competition. With the global pandemic, economic meltdown, and everything in between, your business needs to embark on a new strategy moving forward.
Expense To Profit is specially set up to help your business grow. But how do we achieve this?
- We’ll take a look at your vendor/debit report over the last 12 months.
- We will review your invoices and use data from over 25,000 audits to show you how you can recover lost profits.
- We will present changes that are equal to or better than what you already have.
You will not be cutting off deals with your most-trusted vendor. 89% of the time a change in vendor is not needed. You will not have to make that choice unless you the client want a change. But once you agree and approve of the suggestions made, our team will work to renegotiate some of these contracts. After which, we split the savings with you.
We take pride in the fact that our negotiated contracts never compromise on their quality. We do our best in checking product quality that will bring value and profit to your business.
Time is of the essence for businesses. You may not have the time to renegotiate your vendor contracts due to several commitments. But we can. Let us help your business cut down expenses to increase profit and expand your impact.
Published by Marc Freedman
Marc currently serves as our Chief Cost Evaluator, expertly advising our client management team on how to help you successfully achieve your business and financial growth goals. A respected mentor to all he consults with, he is an avid collaborator and contributor to the spend consultant community, guiding thought leaders to formulate, design, and install the best operational solutions available to their clients.