Spending and Savings Blog ⋆ Your Savings Pro LLC

Savings is the Easiest Path to Profit

September 3, 2019 by Meru Hunter McMahon

What is overlooked when it comes to improving profit? Reducing cost is vastly overlooked in many organizations when they want to be more profitable. This is due to: The lack of expertise in specific areas of the business Budget constraints i.e outsourcing the project Busy personnel primarily focused on top-line growth There are many wasteful activities and spending happening continuously that could be streamlined to enhance profit. The bigger the organization, the bigger the opportunities. For example: A typical business …

Healthcare cost is depleting our pockets

August 28, 2019 by Meru Hunter McMahon

We are all aware that the United States currently ranks highest in health care spending among the developed nations of the world. Lack of transparency in pricing can cause inflated billing, especially in emergency situations. Houston Business Journal did a survey asking business owners: “What keeps them up at night?” where 75% of business owners are concerned about the costs of health insurance. An executive order There might be some hope for the future with improvements like the newly signed …

What is Cost Reduction Anyways?

July 23, 2019June 5, 2019 by Meru Hunter McMahon

As a Cost Reduction Advisor, I get asked this question a lot. Most fear that cost reduction is about making drastic cuts, kind of like getting on an extreme diet to lose weight. Who loves that? Personally, I do not. Anything extreme always ends in failure. Cost reduction is the process used by companies to reduce their costs and increase their profits. Depending on the company’s products or services, their strategies can vary. Why cost reduction strategies fail The majority …