What if you could immediately add 10-20% to your bottom line without changing your sales strategy? In this eye-opening conversation with cost management expert Duane Deason, you'll discover why most businesses unknowingly waste thousands in unnecessary expenses and how implementing a simple cost management system can transform your profitability. Perfect for contractors who feel the cash flow squeeze but don't know where to start cutting costs.

What You’ll Learn

Why most companies waste 10-20% of their budget on expenses that don't improve operations
How to identify hidden cash flow issues without becoming a financial expert
Simple strategies to create accountability for company spending
Why cost cutting should be celebrated, not viewed as failure
How to build a culture that protects your profit margins

Time Stamps

00:47 - Episode Intro
02:54 - Introducing Duane Deason
05:42 - Common Cost Issues in Businesses
22:10 - Identifying Cash Flow Issues
22:27 - Engaging Owners in Cost Management
27:05 - Implementing Cost Management Centers
31:04 - Incentivizing and Sustaining Cost Savings
39:36 - Signature Authority

Snippets from the Episode

"Most companies I work with have 10 to 20% of their expenses that could be eliminated without changing how they operate, that's low-hanging fruit that goes straight to the bottom line."- Duane Deason
"Learn to be comfortable with 'no.' You can't appease everybody. 'No' to things we can't afford yet helps us say 'yes' to what's truly important."
- Duane Deason
"If you want people to understand what the score is and they're responsible for the score, they need to know how to read the information."- Martin Holland
"For every dollar of sales, you may pocket 10 cents. But for every dollar you save in costs, you keep the entire dollar."- Duane Deason