<p>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&#39;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&#39;t know where to start cutting costs.</p><p><br></p><p><strong>What You’ll Learn</strong></p><ul><li>Why most companies waste 10-20% of their budget on expenses that don&#39;t improve operations</li><li>How to identify hidden cash flow issues without becoming a financial expert</li><li>Simple strategies to create accountability for company spending</li><li>Why cost cutting should be celebrated, not viewed as failure</li><li>How to build a culture that protects your profit margins</li></ul><p><br></p><p><strong>Time Stamps</strong></p><ul><li>00:47 - Episode Intro</li><li>02:54 - Introducing Duane Deason</li><li>05:42 - Common Cost Issues in Businesses</li><li>22:10 - Identifying Cash Flow Issues</li><li>22:27 - Engaging Owners in Cost Management</li><li>27:05 - Implementing Cost Management Centers</li><li>31:04 - Incentivizing and Sustaining Cost Savings</li><li>39:36 - Signature Authority</li></ul><p><br></p><p><strong>Snippets from the Episode</strong></p><ul><li>&quot;Most companies I work with have 10 to 20% of their expenses that could be eliminated without changing how they operate, that&#39;s low-hanging fruit that goes straight to the bottom line.&quot;- Duane Deason</li><li>&quot;Learn to be comfortable with &#39;no.&#39; You can&#39;t appease everybody. &#39;No&#39; to things we can&#39;t afford yet helps us say &#39;yes&#39; to what&#39;s truly important.&quot;</li><li>- Duane Deason</li><li>&quot;If you want people to understand what the score is and they&#39;re responsible for the score, they need to know how to read the information.&quot;- Martin Holland</li><li>&quot;For every dollar of sales, you may pocket 10 cents. But for every dollar you save in costs, you keep the entire dollar.&quot;- Duane Deason</li></ul><p><br></p><p><strong>Key Takeaways</strong></p><ol><li>Start with Your Disbursement Journal, Not P&amp;L</li><li>Create a Cost Management Center</li><li>Make Cost Savings Visible and Celebrated</li><li>Implement Clear Signature Authority Rules</li><li>Restrict Who Can Sign Contracts</li><li>Audit Utilization of All Resources</li><li>Reframe Cost Cutting as Opportunity Finding</li></ol><p><br></p><p><strong>Resources</strong></p><ul><li><a href="https://offer.growth-kits.com/24-things-construction-business-owners-assistant">⁠⁠⁠⁠24 Things⁠⁠⁠⁠</a> Construction Business Owners Need to Successfully Hire &amp; Train an Executive Assistant</li></ul><ul><li><a href="https://www.growth-kits.com/schedule-a-call">⁠⁠⁠⁠Schedule⁠⁠⁠⁠</a> a 15-Minute Roadblock Call</li></ul><ul><li>Check out<a href="https://www.openphone.com/?utm_source=partnerstack&utm_medium=affiliate&utm_campaign=khalilbenalioulhaj3893&utm_content=standard_affiliate&pscd=get.openphone.com&ps_partner_key=a2hhbGlsYmVuYWxpb3VsaGFqMzg5Mw&ps_xid=VFecpSCp6yqIj0&gsxid=VFecpSCp6yqIj0&gspk=a2hhbGlsYmVuYWxpb3VsaGFqMzg5Mw">⁠⁠⁠⁠ OpenPhone⁠⁠⁠⁠</a></li></ul><ul><li>Build a Business that Runs without you. Explore our<a href="https://www.growth-kits.com/">⁠⁠⁠⁠ GrowthKits⁠⁠⁠⁠</a> </li></ul><ul><li>Need Marketing Help? We Recommend<a href="https://bit.ly/benaliconstructyoursuccess">⁠⁠⁠⁠ Benali⁠⁠⁠⁠</a></li><li>Need Help with podcast production? We recommend<a href="https://www.demandcast.co/">⁠⁠⁠⁠ Demandcast⁠⁠⁠⁠</a></li></ul><li><p><br></p><p><strong>More from Duane Deason</strong></p><ul><li>Efficacy Group <a href="https://efficacygroup.com/" target="_blank" rel="noopener noreferer">website</a></li><li>Duane Deason on <a href="https://www.linkedin.com/in/duanedeason/" target="_blank" rel="noopener noreferer">LinkedIn</a></li><li><a href="https://www.amazon.com/dp/B0FRN125K1/" target="_blank" rel="noopener noreferer">Operationally Svelte: Manage Costs to Increase Profit and Enhance Performance</a></li><li>Watch out for the Cost Management Center Podcast </li></ul></li><ul><p><br></p></ul><p><strong>More from Martin Holland</strong></p><ul><li><a href="https://bit.ly/The-Profit-Problem">⁠⁠⁠⁠theprofitproblem.com⁠⁠⁠⁠</a></li></ul><ul><li><a href="https://bit.ly/Anneal-Business-Coaching">⁠⁠⁠⁠annealbc.com⁠⁠⁠⁠</a>   </li></ul><ul><li><a href="mailto:martin@anealbc.com">⁠⁠⁠⁠Email Martin⁠⁠⁠⁠</a></li></ul><ul><li><a href="https://bit.ly/Meet-With-Martin">⁠⁠⁠⁠Meet With Martin⁠⁠⁠⁠</a></li></ul><ul><li><a href="https://bit.ly/Martin-Holland-LinkedIn">⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠</a></li></ul><ul><li><a href="https://bit.ly/Martin-Holland-Facebook">⁠⁠⁠⁠Facebook⁠⁠⁠⁠</a></li></ul><ul><li><a href="https://bit.ly/Anneal-Business-Coaching-Instagram">⁠⁠⁠⁠Instagram⁠⁠⁠⁠</a></li></ul><p><br></p><p><strong>More from Khalil</strong></p><ul><li><a href="https://bit.ly/benaliconstructyoursuccess">⁠⁠⁠⁠benali.com ⁠⁠⁠⁠</a></li></ul><ul><li><a href="mailto:khalil@benalimarketing.com">⁠⁠⁠⁠Email Khalil⁠⁠⁠⁠</a></li></ul><ul><li><a href="https://bit.ly/meet-khalil">⁠⁠⁠⁠Meet With Khalil⁠⁠⁠⁠</a></li></ul><ul><li><a href="https://bit.ly/Khalil-Benalioulhaj-LinkedIn">⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠</a></li></ul><ul><li><a href="https://bit.ly/benali-facebook">⁠⁠⁠⁠Facebook⁠⁠⁠⁠</a></li></ul><ul><li><a href="https://bit.ly/benali-instagram">⁠⁠⁠⁠Instagram⁠⁠⁠⁠</a></li></ul><p><br></p><p><strong>More from The Cash Flow Contractor</strong></p><ul><li>Subscribe to our<a href="https://bit.ly/thecashflowcontractoryoutube">⁠⁠⁠⁠ ⁠⁠⁠⁠</a><a href="https://www.youtube.com/@cashflowpod">⁠⁠⁠⁠YouTube channel⁠⁠⁠⁠</a></li></ul><ul><li>Subscribe to our <a href="https://www.thecashflowcontractor.com/subscribe">⁠⁠⁠⁠Newsletter⁠⁠⁠⁠</a></li></ul><ul><li>Follow On Social:<a href="https://bit.ly/thecashflowcontractorlinkedin">⁠⁠⁠⁠ LinkedIn⁠⁠⁠⁠</a>,<a href="https://bit.ly/thecashflowcontractorfacebook">⁠⁠⁠⁠ Facebook⁠⁠⁠⁠</a>,<a href="https://bit.ly/thecashflowcontractorinstagram">⁠⁠⁠⁠ Instagram⁠⁠⁠⁠</a>, <a href="https://twitter.com/Cashflowpod">⁠⁠⁠⁠X(formerly Twitter)⁠⁠⁠⁠</a></li></ul><ul><li>Visit our <a href="http://thecashflowcontractor.com">⁠⁠⁠⁠website⁠⁠⁠⁠</a></li></ul><ul><li><a href="mailto:info@thecashflowcontractor.com">⁠⁠⁠⁠Email⁠⁠⁠⁠</a> The Cashflow Contractor</li></ul><p><br></p>

The Cash Flow Contractor

Benali

281 - Are You Wasting 20% of Your Business Budget? with Duane Deason

NOV 13, 202548 MIN
The Cash Flow Contractor

281 - Are You Wasting 20% of Your Business Budget? with Duane Deason

NOV 13, 202548 MIN

Description

<p>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&#39;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&#39;t know where to start cutting costs.</p><p><br></p><p><strong>What You’ll Learn</strong></p><ul><li>Why most companies waste 10-20% of their budget on expenses that don&#39;t improve operations</li><li>How to identify hidden cash flow issues without becoming a financial expert</li><li>Simple strategies to create accountability for company spending</li><li>Why cost cutting should be celebrated, not viewed as failure</li><li>How to build a culture that protects your profit margins</li></ul><p><br></p><p><strong>Time Stamps</strong></p><ul><li>00:47 - Episode Intro</li><li>02:54 - Introducing Duane Deason</li><li>05:42 - Common Cost Issues in Businesses</li><li>22:10 - Identifying Cash Flow Issues</li><li>22:27 - Engaging Owners in Cost Management</li><li>27:05 - Implementing Cost Management Centers</li><li>31:04 - Incentivizing and Sustaining Cost Savings</li><li>39:36 - Signature Authority</li></ul><p><br></p><p><strong>Snippets from the Episode</strong></p><ul><li>&quot;Most companies I work with have 10 to 20% of their expenses that could be eliminated without changing how they operate, that&#39;s low-hanging fruit that goes straight to the bottom line.&quot;- Duane Deason</li><li>&quot;Learn to be comfortable with &#39;no.&#39; You can&#39;t appease everybody. &#39;No&#39; to things we can&#39;t afford yet helps us say &#39;yes&#39; to what&#39;s truly important.&quot;</li><li>- Duane Deason</li><li>&quot;If you want people to understand what the score is and they&#39;re responsible for the score, they need to know how to read the information.&quot;- Martin Holland</li><li>&quot;For every dollar of sales, you may pocket 10 cents. But for every dollar you save in costs, you keep the entire dollar.&quot;- Duane Deason</li></ul><p><br></p><p><strong>Key Takeaways</strong></p><ol><li>Start with Your Disbursement Journal, Not P&amp;L</li><li>Create a Cost Management Center</li><li>Make Cost Savings Visible and Celebrated</li><li>Implement Clear Signature Authority Rules</li><li>Restrict Who Can Sign Contracts</li><li>Audit Utilization of All Resources</li><li>Reframe Cost Cutting as Opportunity Finding</li></ol><p><br></p><p><strong>Resources</strong></p><ul><li><a href="https://offer.growth-kits.com/24-things-construction-business-owners-assistant">⁠⁠⁠⁠24 Things⁠⁠⁠⁠</a> Construction Business Owners Need to Successfully Hire &amp; Train an Executive Assistant</li></ul><ul><li><a href="https://www.growth-kits.com/schedule-a-call">⁠⁠⁠⁠Schedule⁠⁠⁠⁠</a> a 15-Minute Roadblock Call</li></ul><ul><li>Check out<a href="https://www.openphone.com/?utm_source=partnerstack&utm_medium=affiliate&utm_campaign=khalilbenalioulhaj3893&utm_content=standard_affiliate&pscd=get.openphone.com&ps_partner_key=a2hhbGlsYmVuYWxpb3VsaGFqMzg5Mw&ps_xid=VFecpSCp6yqIj0&gsxid=VFecpSCp6yqIj0&gspk=a2hhbGlsYmVuYWxpb3VsaGFqMzg5Mw">⁠⁠⁠⁠ OpenPhone⁠⁠⁠⁠</a></li></ul><ul><li>Build a Business that Runs without you. Explore our<a href="https://www.growth-kits.com/">⁠⁠⁠⁠ GrowthKits⁠⁠⁠⁠</a> </li></ul><ul><li>Need Marketing Help? We Recommend<a href="https://bit.ly/benaliconstructyoursuccess">⁠⁠⁠⁠ Benali⁠⁠⁠⁠</a></li><li>Need Help with podcast production? We recommend<a href="https://www.demandcast.co/">⁠⁠⁠⁠ Demandcast⁠⁠⁠⁠</a></li></ul><li><p><br></p><p><strong>More from Duane Deason</strong></p><ul><li>Efficacy Group <a href="https://efficacygroup.com/" target="_blank" rel="noopener noreferer">website</a></li><li>Duane Deason on <a href="https://www.linkedin.com/in/duanedeason/" target="_blank" rel="noopener noreferer">LinkedIn</a></li><li><a href="https://www.amazon.com/dp/B0FRN125K1/" target="_blank" rel="noopener noreferer">Operationally Svelte: Manage Costs to Increase Profit and Enhance Performance</a></li><li>Watch out for the Cost Management Center Podcast </li></ul></li><ul><p><br></p></ul><p><strong>More from Martin Holland</strong></p><ul><li><a href="https://bit.ly/The-Profit-Problem">⁠⁠⁠⁠theprofitproblem.com⁠⁠⁠⁠</a></li></ul><ul><li><a href="https://bit.ly/Anneal-Business-Coaching">⁠⁠⁠⁠annealbc.com⁠⁠⁠⁠</a>   </li></ul><ul><li><a href="mailto:[email protected]">⁠⁠⁠⁠Email Martin⁠⁠⁠⁠</a></li></ul><ul><li><a href="https://bit.ly/Meet-With-Martin">⁠⁠⁠⁠Meet With Martin⁠⁠⁠⁠</a></li></ul><ul><li><a href="https://bit.ly/Martin-Holland-LinkedIn">⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠</a></li></ul><ul><li><a href="https://bit.ly/Martin-Holland-Facebook">⁠⁠⁠⁠Facebook⁠⁠⁠⁠</a></li></ul><ul><li><a href="https://bit.ly/Anneal-Business-Coaching-Instagram">⁠⁠⁠⁠Instagram⁠⁠⁠⁠</a></li></ul><p><br></p><p><strong>More from Khalil</strong></p><ul><li><a href="https://bit.ly/benaliconstructyoursuccess">⁠⁠⁠⁠benali.com ⁠⁠⁠⁠</a></li></ul><ul><li><a href="mailto:[email protected]">⁠⁠⁠⁠Email Khalil⁠⁠⁠⁠</a></li></ul><ul><li><a href="https://bit.ly/meet-khalil">⁠⁠⁠⁠Meet With Khalil⁠⁠⁠⁠</a></li></ul><ul><li><a href="https://bit.ly/Khalil-Benalioulhaj-LinkedIn">⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠</a></li></ul><ul><li><a href="https://bit.ly/benali-facebook">⁠⁠⁠⁠Facebook⁠⁠⁠⁠</a></li></ul><ul><li><a href="https://bit.ly/benali-instagram">⁠⁠⁠⁠Instagram⁠⁠⁠⁠</a></li></ul><p><br></p><p><strong>More from The Cash Flow Contractor</strong></p><ul><li>Subscribe to our<a href="https://bit.ly/thecashflowcontractoryoutube">⁠⁠⁠⁠ ⁠⁠⁠⁠</a><a href="https://www.youtube.com/@cashflowpod">⁠⁠⁠⁠YouTube channel⁠⁠⁠⁠</a></li></ul><ul><li>Subscribe to our <a href="https://www.thecashflowcontractor.com/subscribe">⁠⁠⁠⁠Newsletter⁠⁠⁠⁠</a></li></ul><ul><li>Follow On Social:<a href="https://bit.ly/thecashflowcontractorlinkedin">⁠⁠⁠⁠ LinkedIn⁠⁠⁠⁠</a>,<a href="https://bit.ly/thecashflowcontractorfacebook">⁠⁠⁠⁠ Facebook⁠⁠⁠⁠</a>,<a href="https://bit.ly/thecashflowcontractorinstagram">⁠⁠⁠⁠ Instagram⁠⁠⁠⁠</a>, <a href="https://twitter.com/Cashflowpod">⁠⁠⁠⁠X(formerly Twitter)⁠⁠⁠⁠</a></li></ul><ul><li>Visit our <a href="http://thecashflowcontractor.com">⁠⁠⁠⁠website⁠⁠⁠⁠</a></li></ul><ul><li><a href="mailto:[email protected]">⁠⁠⁠⁠Email⁠⁠⁠⁠</a> The Cashflow Contractor</li></ul><p><br></p>