Double Your Profit Day #18 How I Destroy Monthly Bills and Save Big!

Welcome to Day 18 of the Double Your Profit SeriesThe go-to series for contractors, home service owners, and small business entrepreneurs.Today, we’re talking about one of the most overlooked but powerful levers in your business: Reviewing and ruthlessly cutting recurring costs.I call this the “F** It Up List”* (we’ll bleep it for YouTube 😉). Every month, I go through all recurring expenses in the business and ask one simple question: Do we really need this — and can we negotiate it down?🧠 Why Recurring Costs MatterEvery dollar counts, whether it’s $100 or $2,000 a month. Those small recurring charges stack up fast — especially in a multi-million-dollar business — and they’re often the hardest to spot.That’s why creating a system for tracking, reviewing, and renegotiating recurring costs isn’t just smart… it’s essential.💡 What You’ll Learn in This Episode:How to build a “F* It Up List”** and audit every recurring cost in your businessWhy setting up digital vendor cards (with tools like Ramp or Divvy) gives you leverage and controlThe golden rule of negotiation: he who has the gold makes the rulesWhy keeping a recurring cost list should feel “annoying” — and how that pain actually saves you moneyThe power of canceling vendor cards just to test if a tool is still really neededWhy renegotiating often isn’t just smart — it’s fun (and one of the few times business owners get to be ruthless guilt-free)The best way to reinvest savings: back into your people, with bonuses tied to cost discipline🧰 Sponsored By Contractor CommerceContractors: Ready to sell online without the tech headaches? Contractor Commerce lets you turn your existing website into a real online store—no coding, no inventory, no hassle. From filters to full system installs, your customers can shop 24/7, right from your site.🚨 Special Offer: Get your first 60 days FREE 👉 Start here 📌 Disclaimer: Some links may include UTM parameters or affiliate relationships, meaning we may earn a commission if you make a purchase. Episodes may feature sponsors, but all opinions expressed are our own.⚙️ The Big PictureRecurring costs are like weeds — if you don’t check in regularly, they multiply. By putting strong controls in place, renegotiating constantly, and making it inconvenient to add new costs, you’ll protect profits and free up cash for the things that matter most.🔥 Think of this episode as your playbook for cutting costs without cutting corners. 📚 Keep LearningSend Us Mail!More Ways To Connect with O&OJohn's Podcast YouTube ChannelOwned and Operated Newsletter Bonus Videos From JohnLeave a ReviewJohn Wilson, CEO of Wilson CompaniesJack Carr, CEO of Rapid HVAC📌 Disclaimer: Some links may include UTM parameters or affiliate relationships, meaning we may earn a commission if you make a purchase. Episodes may feature sponsors, but all opinions expressed are our own.