I get a EUPHORIC thrill out of turning air into money.
It also creates some strange looks when I tell a story or two.
When you own property in business, every square inch is a potential asset. Even if you don’t own your land and building, utilization of space and the costs that are tied up in space should be scrutinized.
- It’s invisible. Odorless.
- And it can cost you money. That is money that can be re-invested in growth.
Want some examples?
- Shipping. Everyone in CPG knows that the cost of shipping a truck rarely changes if you can get 39k lbs on it vs. 42k lbs. But if that shaves a couple pennies off your shipping rate that can be the difference between making 20% and 23% margins. That matters.
How about garbage costs. What do you see when you look at this image?
A mess of course! And litter, which is awful.
But what you also see is that the garbage is thrown in there, not compacted. I bet if it were organized and crunched, you can free up 1/3 of the airspace. That means fewer pickups. Less Cost. You know what else is there?
Both of those should be recycled. And sold on the open market. That’s a revenue stream for someone, why not you?
Recycling further reduces the amount of true garbage, further reducing your cost.
I bet businesses across the country could cut there garbage expenses by 50% if they just attack it with recycling and compacting, and of course knowing what drives their cost to begin with.
So lets say you spend $400 per month without these methods. What can you do with $2,400 in savings? Do you need to invest some money on a compactor? Seems like there could be a payback there. There are countless examples in business very similar to the garbage example.