Anyone who has owned a business can attest to the immense amount of business costs involved in keeping everyday operations on track. For some businesses, they can be the daily operational costs, and for others, they can be the expenses incurred from growing a company. By Kelsi Trinidad
Anyone who has owned a business can attest to the immense amount of business costs involved in keeping everyday operations on track. For some businesses, they can be the daily operational costs, and for others, they can be the expenses incurred from growing a company. Dennis Schooley, founder of Schooley Mitchell, quickly learned the importance of managing business costs when growing his accounting practice.
Schooley created a process to analyze where his business was overspending and was able to find cost-effective solutions that reduced his costs by 30%. “We realized if we were paying more, so were our clients, and we started to offer the service to our clients,” Schooley said.
Since 1998, Schooley Mitchell has become the largest independent cost-reduction firm in North America, with 230 franchises across the U.S. and Canada and a support team of 110 working in the head office.
Schooley Mitchell’s franchise model is uniquely positioned to offer limitless growth opportunities for franchisees. The company takes pride in being recession-proof by operating on a contingency model that only charges clients if savings are found. This model incentivizes clients to seek cost-reduction services even in times of economic hardship. Also, franchisees benefit from the concept’s flexibility, which allows them to find clients wherever they wish, with no territories or demographics as a limiting factor.
“What makes the opportunity unique is that the franchisee is really in full control of their results,” said Schooley. “It’s not about demographics, economic conditions, or location. The range of opportunities is truly on the shoulders of the franchisee.”
Schooley Mitchell makes it a point to celebrate veterans, with several of the company’s franchisees being veterans themselves. Schooley’s son, the company’s operations manager, served in the Canadian army for eight years. In honor of their service, qualifying veterans receive a discount of $5,000 off the franchise fee.