Strategic Cost Recovery: Business & Professional Practice

13
Strategic Cost Recovery A SHIELD COMPANY YOUR FAMILY BANK®

Transcript of Strategic Cost Recovery: Business & Professional Practice

Page 1: Strategic Cost Recovery: Business & Professional Practice

Strategic Cost Recovery

A SHIELD COMPANY

YOUR FAMILY BANK®

Page 2: Strategic Cost Recovery: Business & Professional Practice

Paradigm Shift:A change from one way of thinking to

another. A revolution, transformation, metamorphosis

driven by agents of changedriven by an…….

Epiphany:An experience of sudden and striking

realization.

Page 3: Strategic Cost Recovery: Business & Professional Practice

Question?

If there was a way to recoup your biggest expense(s), would you want to know

how?

Page 4: Strategic Cost Recovery: Business & Professional Practice

1) Recover part or all of monies spent on targeted expenses while still recording them as an expense to the business.

2) Recover the lost opportunity costs associated with these expenses.

3) Apply a banking model to your business.

4) Use the banking model to become your own financing source for future expenditures.

5) Get money out of the business on a favorable basis to help supplement retirement.

Page 5: Strategic Cost Recovery: Business & Professional Practice

Everyone should be in two businesses:

1) The business that creates your REVENUE.

2) The business that FINANCES your business.

EXAMPLES:

Sears

Ford

Builder/Mortgage Company

Retail Purchases/Credit Card Company

Page 6: Strategic Cost Recovery: Business & Professional Practice

BANK

5%

Business Owner

Auto Dealer

Visa

Car Loan

Debt Consolidation

5%

Contractor

Home Mortgage

Builder

Credit Lines

Bank Customer

Page 7: Strategic Cost Recovery: Business & Professional Practice

BUSINESS

Group Health

Workers’ Comp.

Utilities

Equipment401(k) Match

Repairs &Maintenance

Executive Bonuses

Would you benefit if you could recover those expense dollars ?

Page 8: Strategic Cost Recovery: Business & Professional Practice

$50,000 Expense

Expense Paid $Zero

Balance

Repeat the Process

Cash Flow Funds

Expense for Next Year

At the end of the day, besides the expense being paid,YOU HAVE NOTHING TO SHOW FOR IT!!!

Now let’s look at the TRUE COST of that$50,000 expense.

Page 9: Strategic Cost Recovery: Business & Professional Practice

$50,000 Expense

Over 10 Years

Principle of $500,000

LOC of

$624,318

$50,000 Expense

Over 20 Years

Principle of $1,000,000

LOC of

$1,548,460

WHAT IF YOU COULD HAVE EARNED JUST 4% ON THAT EXPENSE?

Again, what would it mean to you and your business if you could recover part or all of these costs?

Page 10: Strategic Cost Recovery: Business & Professional Practice

Owner Loans the Business $50,000

Expense of $50,000 Paid

Business Repays Owner with

Interest

Business Tax Deducts the Interest Paid

Business Still Deducts the

Expense

Owner Repays Acct. to fund Expense for

Next Year

This is the VELOCITY OF MONEY in action.REMEMBER HOW A BANK MAKES MONEY!?!

Page 11: Strategic Cost Recovery: Business & Professional Practice

BUSINESS

Business Expansion

Expenses

EquipmentVehicles

Business Owner

Business Owner now becomes the lending source for major expenditures.

What’s the hardest thing to get out of a businesson a FAVORABLE BASIS?

Page 12: Strategic Cost Recovery: Business & Professional Practice

• Would you AND your business be better off if you could recover any expense you wanted?

• Would you AND your business be better off if you could become your own financing source?

• Do you agree that you should be in BOTH the business that creates your revenue AND the business that finances your business?

• Would you AND your business be better off by recovering the lost opportunity costs associated with business expenses?

• Would it be beneficial to get money out of the business on a favorable basis to help supplement retirement?

• What expense causes you the most pain?

Page 13: Strategic Cost Recovery: Business & Professional Practice

Give us a call. We’ll show you and your business a

better way.

Phone: 614.389.4857Toll Free: 888.229.1380Fax: 614.389.4486Email: [email protected]

[email protected]@ohiogroupins.com