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.
AIR.
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?
PLASTIC.
CARDBOARD.
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.