Cutting Costs Without Compromise: The Secrets to Slashing Business Expenses Well! (With Shawn Stratton from Schooley Mitchell)

In this episode, Eric sits down with Shawn Stratton from Schooley Mitchell, a business optimization pro who helps small businesses cut costs—on average by 28%—without sacrificing quality.

Drawing on his background as an expedition leader, speaker, and author, Shawn shares practical tips on auditing expenses and negotiating better rates on things like telecom, waste, and merchant services. He breaks down common myths around cost-cutting and explains how Schooley Mitchell handles the heavy lifting so business owners can save without extra hassle.

It's a must-listen for anyone looking to boost profits and free up cash for growth.

00:00 Introduction and Guest Overview
01:41 Identifying Unnecessary Expenses
02:50 Telecom Cost-Saving Strategies
06:17 Sculley Mitchell's Process and Services
13:01 Technology Trends and Cost Management
15:24 International Client Insights
17:34 Understanding Competitor Pricing
17:59 Overcoming Pushback and Skepticism
18:25 The Importance of Cost Savings
18:56 Revenue Growth vs. Cost Reduction
19:52 Negotiating with Vendors
20:54 Challenges in Collecting Financial Data
25:33 Identifying Low-Hanging Fruit for Cost Reduction
26:07 Avoiding Common Billing Pitfalls
28:10 Evaluating Major Operating Expenses
30:06 The Role of Salaries in Cost Management
32:12 Risk-Free Cost Audits
33:03 Conclusion and Contact Information

Shawn Stratton
https://www.schooleymitchell.com/office/sstratton/
https://www.linkedin.com/in/shawnstratton/