Star Mountain Capital CEO Brett Hickey sits down with Miles Lee of Alliance Cost Containment to discuss how ACC can help small and medium-sized businesses reduce expenses and increase enterprise value.

5 Tips for Business Owners to Reduce Expenses and Maximize Enterprise Value

1, Make cost reduction a core part of your DNA
2. Measure everything
3. Be open to working with new vendors
4. Treat vendors like a client
5. Speak to experts to validate if you have maximized your savings

35+ Indirect Cost Reduction Categories
Manufacturing expenses (Industrial supplies, MRO, and others)
Facilities expenses (Energy, Utilities, Facilities maintenance, and others)
Logistics expenses (Freight, Express mail, Packaging, and others)
IT expenses (Telecommunications – wireless and wireline, bandwidth, and others)
Marketing and Admin expenses (Office supplies, printing, and others)
Financial services expenses (Commercial insurance, bank fees, and others)