Strategic Cost Recovery: Business & Professional Practice
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Transcript of Strategic Cost Recovery: Business & Professional Practice
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Strategic Cost Recovery
A SHIELD COMPANY
YOUR FAMILY BANK®
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Paradigm Shift:A change from one way of thinking to
another. A revolution, transformation, metamorphosis
driven by agents of changedriven by an…….
Epiphany:An experience of sudden and striking
realization.
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Question?
If there was a way to recoup your biggest expense(s), would you want to know
how?
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1) Recover part or all of monies spent on targeted expenses while still recording them as an expense to the business.
2) Recover the lost opportunity costs associated with these expenses.
3) Apply a banking model to your business.
4) Use the banking model to become your own financing source for future expenditures.
5) Get money out of the business on a favorable basis to help supplement retirement.
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Everyone should be in two businesses:
1) The business that creates your REVENUE.
2) The business that FINANCES your business.
EXAMPLES:
Sears
Ford
Builder/Mortgage Company
Retail Purchases/Credit Card Company
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BANK
5%
Business Owner
Auto Dealer
Visa
Car Loan
Debt Consolidation
5%
Contractor
Home Mortgage
Builder
Credit Lines
Bank Customer
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BUSINESS
Group Health
Workers’ Comp.
Utilities
Equipment401(k) Match
Repairs &Maintenance
Executive Bonuses
Would you benefit if you could recover those expense dollars ?
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$50,000 Expense
Expense Paid $Zero
Balance
Repeat the Process
Cash Flow Funds
Expense for Next Year
At the end of the day, besides the expense being paid,YOU HAVE NOTHING TO SHOW FOR IT!!!
Now let’s look at the TRUE COST of that$50,000 expense.
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$50,000 Expense
Over 10 Years
Principle of $500,000
LOC of
$624,318
$50,000 Expense
Over 20 Years
Principle of $1,000,000
LOC of
$1,548,460
WHAT IF YOU COULD HAVE EARNED JUST 4% ON THAT EXPENSE?
Again, what would it mean to you and your business if you could recover part or all of these costs?
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Owner Loans the Business $50,000
Expense of $50,000 Paid
Business Repays Owner with
Interest
Business Tax Deducts the Interest Paid
Business Still Deducts the
Expense
Owner Repays Acct. to fund Expense for
Next Year
This is the VELOCITY OF MONEY in action.REMEMBER HOW A BANK MAKES MONEY!?!
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BUSINESS
Business Expansion
Expenses
EquipmentVehicles
Business Owner
Business Owner now becomes the lending source for major expenditures.
What’s the hardest thing to get out of a businesson a FAVORABLE BASIS?
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• Would you AND your business be better off if you could recover any expense you wanted?
• Would you AND your business be better off if you could become your own financing source?
• Do you agree that you should be in BOTH the business that creates your revenue AND the business that finances your business?
• Would you AND your business be better off by recovering the lost opportunity costs associated with business expenses?
• Would it be beneficial to get money out of the business on a favorable basis to help supplement retirement?
• What expense causes you the most pain?
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Give us a call. We’ll show you and your business a
better way.
Phone: 614.389.4857Toll Free: 888.229.1380Fax: 614.389.4486Email: [email protected]
[email protected]@ohiogroupins.com