I recently started helping out my family business. One is a retail store, and one is a software store (about 30 employees in total). I was shocked at some of the excessive costs within the org. What are your best techniques for finding excessive costs, and then renegotiating prices or eliminating them? Here are a few example
Phone system- 16k Internet - 29k back up internet - 7k NetSuit license (note two businesses running separate netsuits, and shared licenses) - 50k Merchants & Fees - 80k Third party IT services - 30k search engine expenses - 60k Office Supplies - 25k etc.
A competent IT professional should readily address these issues. Typically, a CTO ensures that technology expenses align with the business’s needs.
You can PM me if you need advisory.