If you haven’t heard of CAMO Animal Rescue and the incredible work they do, be sure to check them out! It is a non-profit organization that saves an average of 850 dogs a year from shelters with high kill rates. Visit their website to see how you can help support this great cause.
If you’re struggling to find the time or energy to clean, then contact ecomaids of Claremont-Rancho Cucamonga-Glendora. It offers a host of eco-friendly services from a pleasant and experienced team, all customized to suit your needs and budget.
Looking to get away from the hustle and bustle of the city and spend time undisturbed? Then book a stay at Oceana Cottages and let the peaceful setting help you relax and allow your creativity to flow.
Are you a small to medium-sized business that is ready to take your digital marketing to the next level? Then contact EGS Marketing Solutions today to learn more about how its talented team can help you do just that.
Founded in 2015, 1Direction Strategy specializes in professional business coaching services and is proud to serve the small business community in Northeast Ohio. It is co-managed by Rob and Sandra Wentz, who go above and beyond for their clients.
Based in Hudson, Ohio, Denise Kotz is the owner and founder of Strategic Realm Consulting. She is a subject matter expert on a wide range of global product regulatory requirements and product stewardship processes/management systems and uses a risk-based approach to regulatory compliance.
Here’s a universal truth – difficult economic times often lead to difficult choices. The choices can be even harder if you’re a business owner or manager. With your company and your staff relying on your leadership, the stress relating to financial decisions can be overwhelming.
Auto dealerships may be among the many businesses to feel the challenges posed by inflation, global supply chain issues, and consumer hesitancy. With demand running low, netting less revenue for dealerships, you may feel the pressure to reduce service offerings or even cut staff.
Rather than making a decision that could potentially hurt your business in the long run, consider another, more strategic method of reducing your costs.
The answer is simpler than you think. Instead of cutting staff or services, focus on your indirect operational expenses. Indirect expenses are costs not associated with your cost of goods sold or labor; this includes cost categories like telephone and internet, utilities, waste disposal, facility supplies, uniforms, and more.
Indirect cost procurement is the process of finding sustainable reductions to these costs; meaning they increase your bottom line without impacting your business’ operations.
Altogether, indirect costs can represent around 15% of your dealership’s annual budget. In my experience, many business owners either don’t have the time to assess these expenses or don’t have the knowledge or tools to look for ways to reduce them.
My business, Schooley Mitchell, has been working with businesses and organizations across North America for over twenty years, reducing their operational expenses across thirteen different cost categories. We’ve found that many businesses don’t even know they’re overpaying vendors. Our indirect cost procurement process helps reduce these expenses by an average of 28% – which can amount to some significant savings.
For auto dealerships, one of the expenses we find needs optimizing quite frequently is their telecom and waste disposal spend. Recently, we helped deliver roughly 39% in savings for one business’ waste fees, and for another, achieved annual savings of $10,000 in waste disposal and telecom fees.
So you want to begin cutting indirect costs, but where do you start? Here is my five-step recommendation for indirect cost procurement that any dealership can follow:
Admittedly, these five steps can be time consuming and feel a bit daunting. However, 15% or more of your dealership’s annual budget is no small thing, and with an ever-changing economic environment, that piece of the pie could go from important to critical in the blink of an eye.
Your time is valuable, and so is your budget. If you don’t want to choose between cutting costs and doing the work you love, I’d be happy to arrange a time to talk about how Schooley Mitchell can do a risk-free analysis of your indirect costs. The best part? Our fees are self-funded from a portion of the savings we find – meaning, if we don’t find savings, our work comes at no cost.
Please a time to talk at: https://www.schooleymitchell.com/asmith/#Contact
To whom it may concern:
I would like to take this opportunity to write a letter of recommendation on behalf of a true business professional, Katie Dunn. Based in Normal, Illinois, Katie is the experienced and dedicated business development manager at BluSky Restoration.
BluSky provides commercial, industrial, governmental, residential, and multifamily restoration, renovation, environmental, and roofing services across the United States. Its team has years of project management and restoration experience and are recognized as objective experts within the restoration industry.
Katie goes above and beyond to help those she serves and is a great addition to the local business community. She takes the time to get to know her clients and their unique needs in order to come up with a plan that is right for them. She strives to make herself available when needed and is always happy to help in any way she can.
I recommend Katie Dunn and the entire BluSky team to anyone who needs restoration or renovation services. With them, you can rest assured knowing you’re in good hands and that your project will get the attention it deserves.
Sincerely,
David Dow
Strategic-Partner
Schooley Mitchell
To whom it may concern:
It is an absolute pleasure to write this letter of recommendation on behalf of a truly talented individual, Noelle Cox. Based in Bloomington-Normal, Illinois, Noelle is a highly skilled and fully licensed loan officer with Compass Mortgage.
Compass Mortgage was founded in 1999 and is licensed in 21 states. It strives to help its clients make wise and informed choices when it comes to mortgage financing. It’s able to provide a quicker, smoother loan process and closing than other companies because it can underwrite, prepare the closing package, and provide funding for the loan.
I’ve known Noelle for some time now and have come to know her as a truly dedicated professional. She goes above and beyond for her clients and works tirelessly to get them their desired outcome. She is also a strong supporter of the community and is always happy to help whenever she can.
I highly recommend Noelle Cox at Compass Mortgage to anyone looking to finance or refinance their home. With Noelle and the rest of the team, you can always count on amazing service from people who really care about their clients.
Sincerely,
David Dow
Strategic-Partner
Schooley Mitchell
In the summer of 2022, economists debated whether the U.S. economy was officially in recession, and the argument boiled down to semantics. Regardless of the literal definition, the US Federal Reserve and the Bank of Canada, along with other central banks from around the world, have been increasing interest rates with the goal of controlling inflation. Consequentially, many businesses in North America are preparing themselves for the worst.
For many of them, that means cutting jobs. In fact, reducing full-time equivalent (FTE) is often the first step a business takes to reduce operating costs. But FTE reductions also reduce operational capacity, among other unintended consequences. So how can you minimize costs and optimize your bottom line while keeping all your employees on the payroll and your profit opportunities on track?
An analysis of a businesses third-party expenses represents an opportunity for significant savings. Simply put, most businesses are overpaying for their vital business services. These are services such as their telecommunications, credit card processing, waste removal and more – services their business needs to function.
One of the major underlying issues contributing to cutting personnel in the event of economic struggle is that most companies don’t understand the full breadth of their business expenses. By conducting a targeted optimization of these costs, a business can directly improve profits and avoid the consequences of layoffs.
These savings can come from several different methods – direct negotiations with incumbent providers, consolidation of services, recovery of billing errors, vendor switches and more. Importantly, these cost reductions apply directly to the bottom line, making a dollar saved even more impactful than a dollar earned through sales.
Opportunities to cut costs exist across all businesses, but one of the main difficulties is in knowing where to look and what expenses can be reduced without sacrificing level of service. Most of their expenses are much more complicated than they appear.
Most companies simply do not have the time nor specific tools to pursue significant savings in these areas. Optimizing business expenses can cost hundreds of hours spent analyzing, negotiating and waiting on hold, and even then can fall short. In these cases, where a business lacks the resources to create a team specifically to reduce costs, they can turn to Schooley Mitchell. Schooley Mitchell utilizes networks of cost reduction specialists leveraging software, pricing databases and long-standing influence with service providers to find savings for their clients.
While layoffs often seem like a simple solution to immediate economic concern, they can cause morale issues with current employees, reduce operational capacity, and cause damage in the long term when it’s time to ramp up for recovery. By making cost-cutting a priority, your business can create a more sustainable bottom line, build resiliency to economic downturn, and avoid headcount-based speedbumps on the road to recovery.
