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Wrapping Up: Dramatically Decrease Your COGS

An easy rule of thumb is: the more often something is purchased, the more the savings will stack up if the cost is reduced or eliminated.

[The more often something is purchased] x [how significantly costs are reduced] = the profit potential of each expense in your practice.

Start with the suppliers or services you purchase daily/ multiple times per day. After each one has been evaluated, begin analyzing the expenses you incur weekly, then monthly, and finally, annually.

Like everything else in this guide, it’s a lot of work. Remember to just focus on the next “checkbox” on the list and don’t worry about the rest for now. Those things aren’t going anywhere, and your meticulous patience will pay off.

 

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