Featured Client Camelot Enterprises, Inc
Camelot Enterprises, Inc. is a renowned provider of embroidery and promotional product services. Its offerings include custom embroidery, screen printing, digital printing, and promotional product sourcing.
Featured Client White Point Resort
Nestled on the Atlantic Coast, White Point Resort has been welcoming individuals to its iconic and historic beach resort since 1928. It offers a variety of accommodation packages, dining options, activities, and day passes, as well as a beautiful venue for events and weddings.
Featured Client Workplace Essentials
Founded more than 50 years ago, Workplace Essentials is the one-stop shop for machines and equipment, on-site installation and technical service, office furnishings, and much more. It services all of Nova Scotia and offers personal delivery services.
Schooley Mitchell of Grey Bruce Featured in Support Local Magazine
Southwestern Ontario’s thriving business community is one thing that truly sets our province apart. One of the challenges facing every business these days is rising costs; how do you keep your prices low and your customers happy, when the cost of doing business is going up?
Luckily, Miguel Cardenas has been providing local businesses and nonprofits with cost-reduction services since 2021, ensuring that his clients are never paying more than they should be for expenses like telecom, payment processing, waste disposal, shipping, facility supplies, and more.
After 25 years in the industrial printing industry, helping businesses across several industries manage the implementation and installation of high-level technology, Miguel decided to bring his expertise working with businesses and embark on his own entrepreneurship journey, opening a Schooley Mitchell franchise. His is one office in the expansive network of North America’s largest cost reduction consulting firm. Schooley Mitchell has been reducing business costs for over twenty years, resulting in $650 million saved for over 29,000 clients.
Miguel and his team at Schooley Mitchell ensure clients of all sizes are getting the best business services at the best price -all while identifying billing errors, eliminating redundancies, and improving efficiency. They do this by leveraging proprietary software, best-in class pricing databases, and long-standing relationships with service providers to find savings, then monitoring accounts on an ongoing basis so they remain optimized. On average, Schooley Mitchell’s clients reduce their expenses by 28%.
Schooley Mitchell’s work is based on a symbiotic, mutually beneficial model -they are driven by producing results for clients and have no ties to vendors or service providers. Their fees are contingency-based and self-funded by a portion of the savings found.
If you’re interested in seeing how Schooley Mitchell’s specialized cost-reduction services can benefit your organization, reach out to Miguel directly.
Roger Tumminieri,
Director of Sales and Marketing, Support Local Magazine
Check out ShopGoodwill.com
Chances are, you’ve heard of Goodwill and the important work it does. But did you know that most of its funding comes from its retail and online stores? ShopGoodwill.com is the first e-commerce auction site created, owned and operated by a non-profit organization. Check it out today and put your purchases to work, helping to directly fund an array of life-changing programs and services, including job placement programs, vocational training, educational advancement, financial literacy, self-advocacy and more.
Interview with Paula Barca
In this episode, William and Paula Barca discuss Stratus Building Solutions. Paula explains the various cleaning services offered by the company and what separates them from the competition.
Featured Client Power Lines Inc.
If you’re using a conveyor belt for any part of your business, whether it be mailing processing, printing, packaging, or anything else, you need to know Power Lines located in Wallington, NJ. They will ensure that your process is always running smoothly with a range of quality products to fit your every need, and as a family-owned company in business for over 50 years, they have the experience to provide the best solution for your toughest production issues.
Check Out CCI Productions
Discover the pinnacle of large format printing, design, fabrication, and installation services with CCI Productions in the heart of New Orleans, Louisiana. Renowned for its impeccable craftsmanship and unwavering dedication to client satisfaction, it transforms visions into stunning reality.
Check Out Wilson’s Transportation Ltd
Taking a trip to Vancouver, BC? Then check out Wilson’s Transportation Ltd, Vancouver Island’s largest bus charter transportation company. From conferences to field trips, Wilson’s Transportation Ltd can get you where you need to go.
Can indirect cost procurement help your dental practice weather the storm?
Here’s a universal truth – difficult economic times often lead to difficult choices. The choices can be even harder if you’re a business owner or manager. With your company and your staff relying on your leadership, the stress relating to financial decisions can be overwhelming.
Dental practices may be among the many businesses to feel the challenges posed by inflation, supply chain issues, and staffing shortages. With consumer dollars stretched thin, your regular patients may even feel unable to afford regular dental care. Faced with such challenges, many businesses turn to cutting staff or reducing services.
Rather than making a decision that could potentially hurt your business in the long run, consider another, more strategic method of reducing your costs.
How do you cut costs without hurting your business?
The answer is simpler than you think. Instead of cutting staff or services, focus on your indirect operational expenses. Indirect expenses are costs not associated with your cost of goods sold or labor; this includes cost categories like telephone and internet, credit card processing, waste disposal, facility supplies, uniforms, and more.
Indirect cost procurement is the process of finding sustainable reductions to these costs; meaning they increase your bottom line without impacting your business’ operations.
Altogether, indirect costs can represent around 15% of your practice’s annual budget. In my experience, many business owners either don’t have the time to assess these expenses or don’t have the knowledge or tools to look for ways to reduce them.
Your practice might be overpaying.
My business, Schooley Mitchell, has been working with businesses and organizations across North America for over twenty years, reducing their operational expenses across thirteen different cost categories. We’ve found that many businesses don’t even know they’re overpaying vendors. Our indirect cost procurement process helps reduce these expenses by an average of 28% – which can amount to some significant savings.
For dental practices, one of the expenses we find needs optimizing the most is their merchant services and waste disposal spend. Recently, we helped deliver roughly $28,000 in payment processing savings to a two-location practice. For another dental practice, we found they were overspending by 29% on medical waste collection and 16% for general waste collection. We were able to negotiate with vendors to achieve a fair market rate.
Best practices in indirect cost procurement.
So you want to begin cutting indirect costs, but where do you start? Here is my five-step recommendation for indirect cost procurement that any practice can follow:
- Identify and track indirect costs: It is important for your practice to have a clear understanding of what your indirect costs are and how they are incurred. This may involve setting up systems to track and allocate indirect costs to specific projects or activities.
- Set budget and cost control measures: Businesses can set budget and cost control measures in place to help manage indirect costs. This may involve setting limits on spending or implementing processes to review and approve indirect cost expenditures.
- Negotiate with suppliers: Practices can negotiate with suppliers to get the best possible prices on indirect costs. This may involve seeking out new suppliers, negotiating contracts, and leveraging the business’ purchasing power.
- Implement cost-saving initiatives: Businesses can implement cost-saving initiatives to reduce indirect costs. This may involve streamlining processes, using technology to automate tasks, or consolidating vendors.
- Monitor and review indirect costs: It is important for you to regularly review and monitor indirect costs to ensure that they are being managed effectively. This may involve conducting cost-benefit analyses, comparing costs to industry benchmarks, and identifying opportunities for cost reduction.
In conclusion…
Admittedly, these five steps can be time consuming and feel a bit daunting. However, 15% or more of your practice’s annual budget is no small thing, and with an ever-changing economic environment, that piece of the pie could go from important to critical in the blink of an eye.
Your time is valuable, and so is your budget. If you don’t want to choose between cutting costs and doing the work you love, I’d be happy to arrange a time to talk about how Schooley Mitchell can do a risk-free analysis of your indirect costs. The best part? Our fees are self-funded from a portion of the savings we find – meaning, if we don’t find savings, our work comes at no cost.
