Welcome to Day 18 of the Double Your Profit Series
The 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 Matter
Every 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 business
Why setting up digital vendor cards (with tools like Ramp or Divvy) gives you leverage and control
The golden rule of negotiation: he who has the gold makes the rules
Why keeping a recurring cost list should feel “annoying” — and how that pain actually saves you money
The power of canceling vendor cards just to test if a tool is still really needed
Why 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
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📌 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 Picture
Recurring 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 Learning
More Ways To Connect with O&O
John Wilson, CEO of Wilson Companies
Jack 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.