Owned and Operated - A Plumbing, Electrical, and HVAC Business Growth Podcast Double Your Profit Day #3 Slash Costs and Maximize Profit with a Lean Business Culture
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Aug 3, 2025 Learn how to quickly cut costs without jeopardizing your operations while fostering a lean business culture. Discover the benefits of zero-based budgeting and identify expenses that no longer yield a return on investment. The podcast emphasizes empowering managers to make smart budget decisions and aligning your team with cost-conscious growth. Get ready to transform your home service business and boost profits!
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Cut Costs Fast and Empower Managers
- Cut costs fast by trusting your gut and slashing unnecessary expenses immediately.
- Empower managers with financial incentives to lead cost-cutting initiatives in their departments.
Set Bold Cost-Cutting Targets
- Set bold cost-cutting targets like reducing overhead by specific amounts within a tight deadline.
- Execute these cuts quickly, then analyze results after to ensure the core business remains unaffected.
Communicate Transparently About Costs
- Maintain open communication about budgets and cost-cutting decisions to build a cost-conscious culture.
- Keep your team informed of the why behind cuts to increase involvement and reduce fear.