2188 - Expense Management Mastery for Business Success with P3 Cost Analysts' Larry Levine

Smarter Spending for Bigger Profits with Larry Levine of P3 Cost Analysts In this episode of The Thoughtful Entrepreneur, host Josh Elledge talks with Larry Levine, Business Owner and Expense Reduction Consultant at P3 Cost Analysts. With decades of experience helping organizations reduce indirect expenses, Larry shares expert insights on cost-saving strategies that every business owner should be applying—especially in today’s economy. If you want to boost your bottom line without generating more revenue, this episode is for you. From Mountain Trails to Margin Gains: Why Preparation Matters Larry starts the conversation on a light note—recounting his hiking adventures, including a trip to the Dolomites in Italy. His love of hiking isn’t just a hobby; it parallels his approach to business: prepare, acclimate, and execute with intention. Just like you wouldn’t climb a mountain without a plan, Larry emphasizes that business owners need a clear strategy for managing and optimizing expenses. That preparation becomes even more important when dealing with indirect costs—like utilities, telecom, waste management, and property taxes—that many business owners mistakenly treat as fixed. Larry encourages entrepreneurs to shift their mindset: many of these costs are negotiable, and reducing them can significantly impact overall profitability. His firm, P3 Cost Analysts, helps business owners uncover savings through a thorough discovery and audit process. And the best part? Their services are contingency-based—you only pay if savings are identified. About Larry Levine Larry Levine is an Expense Reduction Consultant with over 35 years of industry experience across high tech, home care, and indirect spend consulting. He has worked with individuals, SMBs, and Fortune 100 executives, delivering expense reduction strategies that improve mid-line cost controls and bottom-line profitability. Larry’s nationwide clients span a wide range of industries including healthcare, manufacturing, real estate, restaurants, education, and hospitality. Outside of work, he’s an avid hiker, mountain and road biker, and passionate foodie.About P3 Cost Analysts P3 Cost Analysts is a national cost reduction consulting firm specializing in uncovering hidden savings in areas like waste management, telecom, utilities, property taxes, and more. Since 1991, P3 has helped thousands of clients—from healthcare and hospitality to retail and franchise groups—optimize expenses and increase profitability. Their contingency-based model means you only pay when you save. Links Mentioned in this Episode:Larry Levine on LinkedInP3 Cost Analysts Website Episode Highlights:Why businesses should prioritize managing expenses as much as revenueWhich indirect costs (like utilities and waste) are most negotiableHow P3 Cost Analysts delivers results without upfront feesReal-world savings: How one client cut waste expenses by 75%The steps of an effective cost audit—from discovery to implementation Conclusion Larry Levine offers a masterclass in proactive expense management—reminding business owners that profitability isn’t just about growth; it’s...