Michael North, owner of Schooley Mitchell franchise in Utah, joins Tim Turley on the Money Maverick podcast to discuss how his company helps business owners analyze their expenses and find cost-saving solutions. Schooley Mitchell conducts audits of various expense categories, such as telecommunications, shipping, and subscriptions, to identify overspending and billing errors. On average, they are able to find 28% savings for businesses, with some cases reaching up to 60% savings. The company provides objective recommendations and acts as a point of contact to implement changes with vendors. Their compensation structure is based on a percentage of the savings, ensuring a win-win situation for the business owners. Michael shares a case scenario where they helped a countertop and cabinetry business find a more cost-effective e-signature solution, saving them up to 70% compared to popular options like DocuSign. The maverick tip of the day is for business owners to work on their business rather than in their business, allowing them to step outside and evaluate what's working and what's not. Listeners can contact Michael North through the Schooley Mitchell website or by calling their toll-free number.

Phone #: 385-339-0008

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Takeaways

• Schooley Mitchell helps business owners analyze expenses and find cost-saving solutions.
• They conduct audits of various expense categories and identify overspending and billing errors.
• On average, they find 28% savings for businesses, with some cases reaching up to 60% savings.
• Schooley Mitchell provides objective recommendations and acts as a point of contact to implement changes with vendors.
• Their compensation structure is based on a percentage of the savings, ensuring a win-win situation for the business owners.
• A case scenario is shared where they helped a countertop and cabinetry business find a more cost-effective e-signature solution, saving them up to 70% compared to popular options like DocuSign.
• The maverick tip of the day is for business owners to work on their business rather than in their business, allowing them to step outside and evaluate what's working and what's not.