Holy smokes? When’s the last time you evaluated how much you are paying for credit card merchant processing? How about payroll? How about insurance?
These bills get wayyy out of control if you are not constantly negotiating rates. It doesn’t matter what type of eyecare business you run, wholesale or patient care, you need to cut your costs of goods if you want to generate profits. It’s much easier to save money than try to invent new ways to produce more revenue.
If you save $3000 per year on fees, that’s $15,000 over 5 years. It’s real money.
In This Episode:
[8:08] Guest introduction.
[13:43] Credit card processing
[15:08] Tiered pricing.
[29:35] Reprogramming terminals.
[32:32] Chip vs Swipe fees.
[41:01] Background check.
[01:05] Employee health insurance.
Tim has 28 years of experience in the financial service industry. He founded Emerson & Co. in June of 2006. His firm provides: Payroll, Merchant Services, and Insurance, working with public organizations and businesses to cut cost and provide efficiencies. Tim is currently a Deacon at Country Club Christian Church, President of Waldo Brookside Rotary Club in Kansas City, and a member of multiple chambers of commerce. He is on the board of directors for the Parkville Area Chamber of Commerce. Tim and his wife Darci reside in the Kansas City area, have 2 daughters Sophie and Zoey, and enjoy outdoors activities and travel.
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