Reduce bills to increase cash flow came to me as I spoke with a business consultant who told me she saved a company $ 12,000 a year by reviewing the credit card processing fees at their bank and negotiating lower fees.
Reducing the fees associated with the cost of doing business is possible.
Eva Marie Beisner, of On the Books in the Black, told me that was one of many case studies where she has identified ways to help businesses save money. Eva works with businesses in the Riverside-San Bernardino area of Southern California -- the Inland Empire.
She'll review processes and set benchmarks for performance as well.
In the day-to-day running of operations, it never seems convenient to take time to pay bills or let alone study the statements to find what might seem like small savings.
Hiring a company to come in and review areas of possible savings may make sense.
Some service companies will do so on a performance-only basis. It's a win-win for both parties involved.
In Eva Marie's case, she'll meet with a company a few different times at no charge prior to performing any service or charging a fee in order to understand their greatest need. In her assessment, if she can't provide the help they're looking for then she'll "make a friend" and not charge for her initial consultations.
Her projects will include spending time getting the financial statements in order or hiring and training the staff necessary to properly do the bookkeeping or accounting.
A cash flow tip for a company who suspects their fees may be too high is looking on the calendar when the utility bills or other statements arrive and then taking a few hours to review the statements.
Finding a way to save even $ 200 or $ 300 a month could equal the cost of a small project brought in the door.
For companies wanting to learn more about their internal needs, call Eva Marie Beisner at 909-282-0925 or visit www.onthebooksintheblack.com.
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