When business owners are busy trying to keep customers happy and grow their sales, it can be difficult to keep their eyes open for the best deals in the market, and keep their costs low.
KPMG International commissioned the Economist Intelligence Unit (EIU) to write ‘Rethinking Cost Structures: Creating a sustainable cost advantage' and found:
- Just eight percent of businesses reach or exceed their targets for cost-saving initiatives
- One of the single biggest barriers to achieving these targets is the lack of adequate processes to drive cost reduction
- Getting people to assume personal responsibility for cost management is always difficult
Cost management businesses make their profit off the savings they find for you, costing you nothing. With so many companies providing the services you need to make your business run, electricity, internet, telephone etc, it can be hard to constantly find the best deal.
If you're interested in building a business for yourself in this industry consider a franchise business, for the added support.