Many times, business owners focus on trying to find the easiest way to increase short term margins. To do this, their initial strategy is to save on individual purchases. In the contracting world this usually develops into the practice of what we call “reverse auction”.

While spending a few hours of time comparing bids or BOMs can save you money in the short term, the actual opportunity cost of this endeavor is potentially costly.  

Learn how adopting a new purchasing method provide can grow your profits, create long-term wealth, and reduce the overall effort you put into your purchasing.

Download your free resource at ContractorBusinessPodcast.com to compare the two different setups he talks about in this episode. This resource will give you a high level view of two different purchasing setups for your business.