You may have negotiated great vendor pricing two years ago — but if you haven’t revisited those agreements lately, you might be bleeding cash without knowing it.

Vendor prices often creep up over time. Small percentage increases fly under the radar. Add freight charges, change orders, and inconsistent quantities — and suddenly your cost of sales has ballooned.

You should be reviewing vendor costs quarterly. Compare quotes, benchmark prices, and hold vendors accountable. Loyalty is valuable — but only if it’s mutual.

Every 1% you save on material costs goes straight to your bottom line.

Real World Mistake & Lesson:

One contractor hadn’t noticed that a vendor had raised pricing six times in 18 months. After shopping around, he found better rates and negotiated a new deal with his original supplier — saving over $18,000 per year on the exact same materials.

Pick up your free copy of my new book, “The 7 Minute Conversation-How to Hear the Story Your Small Business Financial Statements Are Telling You-CONTRACTOR EDITION”.  Go to www.7MinuteConversationBook.com

Ready to find out where your cash and profits are really going? Book your free 15-minute Profit and Cash Flow Call with me. No pressure. Just real clarity. I’ll help you see where your money’s hiding — and what to do about it. Schedule at www.CashFlowCallWithLarry.com