Owned and Operated - A Plumbing, Electrical, and HVAC Business Growth Podcast Double Your Profit Day #2 Cut Costs Like a CFO
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Aug 2, 2025 Discover how to slash business costs effectively with CFO-like strategies! Learn why zero-based budgeting is a game changer and how to audit every expense for potential savings. Real-world examples demonstrate the impact of effective cost control, ensuring growth isn't compromised. Plus, get practical techniques you can implement right away in your home service or contractor company to boost profitability. Transform your financial approach and unlock your business's true potential!
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No Sacred Costs: Review All Spending
- No business cost should be considered untouchable or sacred.
- Regularly review and negotiate every expense to improve profitability.
Adopt Zero-Based Budgeting
- Use zero-based budgeting rather than basing budgets on last year's expenses.
- Build budgets by justifying every cost as if launching the business from scratch.
Staffing Changes Boost Growth
- John Wilson's company changed their staffing by adding automation and offshore workers.
- This allowed them to pay existing employees better and invest more in growth.