Expense reduction
Expense Reduction PDF Print E-mail

The Family Business Institute helps single and multi-site family and closely held businesses manage and reduce operational expenses. Our goal is to help your company take a look at every possible way to reduce the cost of doing business and ultimately achieve breakthrough success.

Specific Services

Expense Reduction

An expense reduction audit is a process that takes a look at every possible way to save your family or closely held business money. After completing the audit, we present the recommendations to you and allow you to choose which suggestions to implement. We then assist in executing the approved recommendations.

Benchmarking

We have the capability to benchmark your company’s financials against others of your size in your industry and region. Benchmarking often brings to light expenditures which are too high – or in some cases too low – compared to “best practices” recommendations.

Cash Flow Planning

Cash flow is probably the most often mentioned but least understood concept among closely held business today. Cash flow planning and forecasting can help family companies understand not only cost reduction ramifications but also the long term impact on operations and company value.

The Family Business Institute Difference

Our commitment to helping you achieve breakthrough success is absolute. Drawing upon our unparalleled experience in working with family enterprises across virtually all industries and business functions, we educate our clients about the need to utilize a comprehensive and integrated approach for the benefit of their family business system. The Family Business Institute differentiates itself by addressing not only the typical financial side of the family business triangle, but also the other two sides which deal with operational and/or interpersonal issues.

Ready to Learn More?

In addition to the services listed above, the Family Business Institute can also assist you with many more services in the area of Business Expense Reduction. For more information, contact us at (877) 326-2493.