Every dollar of expenses reduces your Net Profit by the same amount. Conversely, every dollar of expenses that is reduced increases Net Profits by the same amount. Are you struggling to be profitable? Increase profit by reducing expenses. How can I reduce my expenses without sacrificing quality of service to my customers? Let’s dig into that question and see what can be done. Recurring Bills Each of us have recurring bills that we simply pay out of ‘habit’ each month. I’m talking about bills from you YMS Provider, a third-party software solution, a utility bill, and lease payment, and rental agreement, etc - you get the idea. There are certain bills that get paid each month without reviewing them - simply because of who they are from. It’s time to review these bills. Look for increased fees or increased rates that you did not agree to. Pull out the same bill from 12 months ago - is this year’s bill higher? Did you authorize them to charge you a higher rate? Spend the time, make a ca...

Too many operations manage by crisis instead of systematically learning and implementing changes. Today, I’m going to look into the two different mindsets of leading an organization: Reactive versus Proactive. Proactive A proactive leader is always looking to improve his or her operation. There is a constant yearning to learn something new and implement it. This type of person is probably a reader that reads several books per year - or listens to them (that’s what I do). There are two major components to being a Proactive Leader: Learning and Doing. Learning There are several ways to learn new ideas. I’ve already touched on reading. Don’t think that you have to read books or articles that are specific to our industry - any leadership or management material contains ideas that could be adapted to fit the Automotive Recycling Industry. The idea here is to constantly be trying to learn something from anything that you read. Figure ways to adapt ideas or suggestions to your opera...