Episode Spotlight
Listen in on the third show in our “Managing Your Money: A Business Owner’s Guide” series. The focus in this 15-minute discussion is on cutting costs.
Our guest is Hannan Lis who accumulated his knowledge of how to effectively manage expenses in his role as COO and President of the largest franchisee of Weight Watchers in the world. At one time, he managed over 5,000 employees across North and South America. But as he says, he never lost his humble, small business perspective, and that helped him run his business to an extraordinary level of success and a nine figure liquidity event. That’s a lot of zeroes.
Learn about how to view expenses before you ever commit them to your budget. Learn about how to keep as many expenditures on the variable side versus the fixed side. Learn also about how momentum is certainly not a reason to just keep spending the way you have been – as Hannan agrees, you’ve got to stay very close to the spend and make sure every dollar that goes out absolutely must in order to create value.
Our website is filled with smarts about how to make a buck – this show is about ensuring that you keep as many of those bucks as possible. Tune in to fatten up your business’ wallet.