Cost Reduction Service
Reducing your overheads is the best way to increase your profits. However, this in itself can prove costly in terms of both time and money which could be put to better use elsewhere in the business, particularly in the current economic climate.
This is where Lamont Pridmore’s Cost Reduction Service can help. By taking a totally independent, objective view of your company, we can identify significant cost reductions in areas often overlooked by business owners.
How does the Cost Reduction Service work?
We work with you as a totally impartial consultant, assessing your existing contracts, agreements and processes to identify where savings can be made. This might be in a specific area or across the whole business, depending on your requirements.
As well as obtaining quotes from your existing suppliers, we also carry out detailed research into their competitors to identify other potential suppliers who can deliver the same or better products or services at a lower price.
At Lamont Pridmore, we understand that for many business owners it can be hard to keep track of how many suppliers they use and how much they spend with each, so we will also determine exactly what you are paying and to whom.
Areas in which we can help you make savings include:
- Utility services (including electricity, gas and water)
- Communications (both telephone and internet)
- Paper and ink cartridges
- Courier services
- Cleaning services
- Janitorial supplies
- Waste management
- Employee uniforms and protective clothing/equipment
Because we are completely independent, we do not have preferred suppliers so do not receive brokerage fees, commission or ‘introduction fees’. This means that you can be sure we are working in your best interests at all times. Our sole aim is to help you make a profit through saving money.
What sectors does this service cover?
The Lamont Pridmore Cost Reduction Service can be applied to any business in any sector. If your business pays suppliers for goods or services then there will always be ways to reduce your overheads in these areas. We understand that no two clients are the same, so we offer a service based solely on your specific requirements.
To find out how Lamont Pridmore can help you improve your profits by reducing costs, please contact us.
Critical questions for your business
Are you paying too much tax?
Are you making enough profit from your business?
Would you like to be able to compare your business with others?
Are you looking for pro-active business support from your accountant?
Is your business where you want it to be?
Do you understand the numbers in your accounts?
Do you have a business plan?
Do you have a marketing plan?
Will your business meet your retirement needs?
Have you a succession, retirement or exit strategy?
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