 Hey everyone, Ken Ross here and I'm a business consultant that specializes in reducing costs for companies by looking into their essential expenses but today it is the final installment of my four-part series of my breakdown of how to save you money today right I'm gonna put that in the description on this side of the screen up here at the top if you haven't seen that go ahead and check that out as well as the other three parts of the more expanded look of that video I've talked about all the the relevant steps the first thing is a pre-step which is you need to catalog all your vendors right every major person that you pay in your business you should know who they are what their costs are how much you're paying them on a monthly basis that's the first step the second step is one that's fairly simple it's the first step of my process which is ask other people what they're paying for that business for that same service that same business that same class of business right and if you can get a breakdown from them ask them if they can provide you with some more details right because this is really gonna help you in this last step but I'm kind of getting ahead of myself I want to explain what step two is step two is calling the vendor yourself right the person that you're paying or the entity that you're paying in the case of telecom and I've been using telecom in this whole example it's Verizon wireless calling Verizon saying hey look I really want to negotiate this rate I can't afford this I want to do this with my business I want to do these things you're trying to establish a relationship and not just get a discount on step two step three is one that involves a lot more care and a lot more time right and that is I'm gonna find another vendor and I'm going to get their price for what it is that I'm paying for with the current vendor and this takes some very big care right because if you looked at my spreadsheet what you need is you need a breakdown of the service you need an understanding of everything they're offering for that price because what you don't want is you don't want to get in this the situation of hey I switched AT&T from Verizon and my level of service is different or my coverage area right isn't the same and that's certainly something that is going to be the case if you switch wireless vendors because of the technologies and that's the other thing that you'll want to make sure you understand is how the technologies work right if you are a Verizon wireless customer for example and I like to pick on Verizon because I do a lot of I've done a lot of business with them I have a pretty good relationship with them in this particular use case and in the guide that I'm going to provide in the description you can go ahead and click it down below you'll see some examples of how this all works you'll see an example of every step and what I've done during this process and what I've used as an example is my experience with Verizon wireless I haven't really kept everything the same right I've changed certain people's names the phone number and the contact information is there and I would also if you contact me I will also provide you with a copy of my Verizon wireless business bill I love giving that to people because that's that's really what step one is about right step one is ask me what it is that I pay for my service and I'll tell you and I'll actually give you a breakdown so that's that's step one right and that that's really something that you really need to understand is if you have done step one correctly and you're actually doing all the steps for each category to save the most money you are going to this this particular step is going to be very useful that you've done step one correctly because step one is hey give me the breakdown and I have my breakdown of your breakdown I can compare apples to apples in some sense or maybe run apples to oranges because in some sense you'll find out that what certain vendors are offering is a different level of service than what you have or the service that you have is far greater than maybe someone else's service for that same vendor and that's something that's really important that you understand right because you don't want to just say well this one's cheaper so I'm going to go with that right if you go with that like I said and in this step you were you are possibly signing up for more pain right and that is once I get to this vendor or I get to this new solution finding out that it's not what I asked for it's not what I thought it was and then begging my previous vendor or finding another vendor to go back to that has better service and getting fluffed into their bigger price for that right because you're desperate at that point and they know you're desperate they know the level of service you were offered was not as good as the service that that you had so now they're going to give you that service back and they may not give you a discount for it and they may give you a deal that sounds like a good deal but really it's laden with a lot of other issues and so that's why this is an important step right calling other vendors you need to do the same thing that you did with in step two which is you need to record everything that they're saying you need to know who it is that you're talking to you need to try to establish a similar relationship that you have with your current vendor and you need a breakdown so once you've had had the opportunity to get a couple of event vendors let's say four or five right different options then you can decide based on all of those factors if it's if it's worth it to switch vendors or not or if you should take the current vendors deal or if you should really look hard into what your friends in business have and see if what they have is something that you're worth investing into and saying hey look I'd rather just have this service so I'm gonna call you know AT&T and I'm gonna ask them for what what Jim is getting at you know at his restaurant that's that's the key to saving the most money and that's why this is so important right it's why I wanted to share this information and it's something that I really feel like as a business owner and as people in general right if we can share information the power that's in the information is so valuable right that you can save money today so I would really encourage you now that you've gotten through all these steps now that you've listened to me ramble for for hours or I guess maybe not even hours for minutes maybe more than a little more than an hour if you've watched all these videos invest some time in really trying to skinny down some of your expenses you will find that there's great value in knowing that you have the lowest cost for your services and that you're not overpaying for those things and and that's something that I I really enjoy it's something I really like to bring to people and in another video I'll talk about how each one of these steps I can put these on steroids so that's something I want to want to get into I'm gonna talk about how that really works for me and how that's a different for me than it may be for you but that's something I know that you'll find some value in as well and so that's what I have for today I really want to know if you've done any of these steps I really really want to know if you've saved any money doing any of these steps please put that in the comment section below in this video please subscribe to my channel because I am going to spend a lot of time investing in other topics to bring you good information to share information with you that can help your business and that's something I really want to do for you so please subscribe to my channel please tell your friends about my channel have them subscribe like this video comment down below like I said and I am Ken Ross I'm I am very passionate about this I want so desperately to see the power of business and our relationships be leveraged in such a way that we don't overpay for anything that we invest in what the right things are in business and so that's what I got for today please visit my website I am Ken Ross calm and until next time see you around