[MBV Playbook] Ch. 37 — Mastering the Art of Rightsizing Your Service Providers (#197) Artwork

Maximize Business Value Podcast

A podcast for business owners passionate about building long-term, sustainable value in their businesses - and ultimately transitioning on their terms. Mastery Partners Certified Partners host the Maximize Business Value Podcast: Dave Casey, David Brown, Mark King, Amy Morin, and Terry Chevalier. Mastery Partners equips business owners to maximize business value so that they can transition on their terms. Check us out at masterypartners.com.

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Maximize Business Value Podcast

[MBV Playbook] Ch. 37 — Mastering the Art of Rightsizing Your Service Providers (#197)

February 29, 2024 • Tom Bronson • Episode 197

Are you tangled in a web of service providers, each adding complexity rather than value to your operations? This week on the Maximize Business Value Podcast, Tom Bronson takes us through a game-changing strategy from Chapter 37: Rightsizing Your Service Providers. It's all about striking the perfect balance between consolidation and diversity in your business relationships to unlock operational efficiencies and cost savings. 📉➡️📈

Tom dives deep into what it means to 'rightsize' your service providers — adjusting to not just a smaller number, but the right number that aligns with your business goals. Learn how simplifying your roster of vendors can lead to better relationships, improved support, and, importantly, lower costs. We're talking serious simplification with significant impact, inspired by a case study where a large restaurant chain went from juggling 36 technology providers to working seamlessly with less than 10. 🍽️💻🔍

Whether you're a small startup or a growing enterprise, the principles of rightsizing can revolutionize the way you operate. Tune in to discover actionable insights on how to evaluate, consolidate, and optimize your service providers for a leaner, more efficient business model. Remember, it's not about having fewer providers; it's about having the right ones. Don't miss out on this essential episode for any business looking to cut costs and streamline operations. 🎧💼

Mastery Partners

Elevating Businesses to Achieve The Business Owner’s Dream Exit
The unfortunate reality is that for every business that comes on the market (for whatever reason), only 17% of them achieve a successful exit. You read that right. 83% of attempted business transitions never reach the closing table. Mastery Partners is on a mission to change that. We ELEVATE businesses to achieve maximum value and reach that dream exit.

Our objectives are simple - understand where the business is today, identify opportunities for dramatic improvement, and offer solutions to enhance the business, making it more marketable and valuable. And that all starts with understanding the business owner’s definition of his or her dream exit.
Mastery has developed a 4-Step Process to help business owners achieve their dreams.

STEP 1: Transition Readiness Assessment
STEP 2: Roadmap for Value Acceleration
STEP 3: Relentless Execution
STEP 4: Decision: Now that desired results are achieved, the business is ready for the next step in the journey!