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Page 1: Course Title presented by. Today’s Discussion: Talk about the expense cuts we’re NOT going to talk about Talk about the tougher, more personal expense

Course Titlepresented bypresented by

Page 2: Course Title presented by. Today’s Discussion: Talk about the expense cuts we’re NOT going to talk about Talk about the tougher, more personal expense

Today’s Discussion:

•Talk about the expense cuts we’re NOT going to talk about

•Talk about the tougher, more personal expense cuts that nobody wants to talk about

Page 3: Course Title presented by. Today’s Discussion: Talk about the expense cuts we’re NOT going to talk about Talk about the tougher, more personal expense

Only 4 Things you can do…

1. Cut Expenses3. Invest

money

4. Borrow money

2. Increase revenues

Page 4: Course Title presented by. Today’s Discussion: Talk about the expense cuts we’re NOT going to talk about Talk about the tougher, more personal expense

The Common Cuts…

•Staff salaries•Rent•Advertising•Supplies•Travel

Page 5: Course Title presented by. Today’s Discussion: Talk about the expense cuts we’re NOT going to talk about Talk about the tougher, more personal expense

Don’t forget Inventory…

Reduction?

Management

(GMROI)

Page 6: Course Title presented by. Today’s Discussion: Talk about the expense cuts we’re NOT going to talk about Talk about the tougher, more personal expense

Just make sure…

…you don’t cut into the

muscle of your

organization!!

Page 7: Course Title presented by. Today’s Discussion: Talk about the expense cuts we’re NOT going to talk about Talk about the tougher, more personal expense

So…Where do I start?

Page 8: Course Title presented by. Today’s Discussion: Talk about the expense cuts we’re NOT going to talk about Talk about the tougher, more personal expense

The 5 untouchables…

1. Meals, travel and entertainment

2. Personal auto

3. Business Perks

4. Outside investments

5. The Stuff at Home

Page 9: Course Title presented by. Today’s Discussion: Talk about the expense cuts we’re NOT going to talk about Talk about the tougher, more personal expense

Travel, Meals & Entertainment1.

Page 10: Course Title presented by. Today’s Discussion: Talk about the expense cuts we’re NOT going to talk about Talk about the tougher, more personal expense

Pimp Your Ride Skimp2.

Page 11: Course Title presented by. Today’s Discussion: Talk about the expense cuts we’re NOT going to talk about Talk about the tougher, more personal expense

Company Perks3.

Page 12: Course Title presented by. Today’s Discussion: Talk about the expense cuts we’re NOT going to talk about Talk about the tougher, more personal expense

Outside Investments 4.

Page 13: Course Title presented by. Today’s Discussion: Talk about the expense cuts we’re NOT going to talk about Talk about the tougher, more personal expense

Personal Finances

Your Your LifestyLifesty

lele

Your Your IncomIncom

ee

5.

Page 14: Course Title presented by. Today’s Discussion: Talk about the expense cuts we’re NOT going to talk about Talk about the tougher, more personal expense

Just turn it OFF…

Page 15: Course Title presented by. Today’s Discussion: Talk about the expense cuts we’re NOT going to talk about Talk about the tougher, more personal expense

…and keep this in mind

When the media keeps pumping out the bad

news, your competition is probably going to follow the laws of human nature by

hunkering down with the same old business model and wait for the good times to return.

Page 16: Course Title presented by. Today’s Discussion: Talk about the expense cuts we’re NOT going to talk about Talk about the tougher, more personal expense

Create OpportunitiesGiven that short-

sighted, fear-driven behavior, now is a

perfect time for you to make gains on them by trimming

the fat and creating opportunities.

Page 17: Course Title presented by. Today’s Discussion: Talk about the expense cuts we’re NOT going to talk about Talk about the tougher, more personal expense

Here are three takeaways from “Tough Times Require Tough Decisions” presented by Alan Friedman and Daniel Jobe. Bring these ideas to back to your business and see what results you generate!

Takeaway 1: Make the obvious business cuts to save money and increase cash flow

Takeaway 2: Make the tougher, more personal cuts to save your business and make it healthy again

Takeaway 3: Seize this opportunities to plan for the future success of your business

Top Three Top Three TakeawaysTakeaways

Page 18: Course Title presented by. Today’s Discussion: Talk about the expense cuts we’re NOT going to talk about Talk about the tougher, more personal expense

Any

Questions?

Page 19: Course Title presented by. Today’s Discussion: Talk about the expense cuts we’re NOT going to talk about Talk about the tougher, more personal expense

““Free” Consulting Free” Consulting MeetingsMeetings

Contact Jen Contact Jen outside the Idea Center outside the Idea Center entranceentrance

after this session to set up a meeting after this session to set up a meeting timetime

Page 20: Course Title presented by. Today’s Discussion: Talk about the expense cuts we’re NOT going to talk about Talk about the tougher, more personal expense

Have fun Have fun andand

keep keep rockin’!!rockin’!!

CatchCatch PRINTZ Sat night at The Hilton PRINTZ Sat night at The Hilton LobbyLobby


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