Price vs Cost Re-imagined

Price vs Cost Re-imagined
Very interesting article. Wake up, folks!
Out-of-pocket expense for a daily “required” and a luxurious cup of coffee for a person is about $1,000.00 per year for high-end coffee. That’s two plane tickets for a vacation or funding a Roth IRA.
For a field-based team, my cost center could take an annual hit of $10,000.00… For Coffee!!. If one adds up all of the field people expensing a daily coffee run to their favorite Barista, it could add up to the value of one headcount during budget time. I could use that headcount to increase customer satisfaction and grow my company’s business.
Not there’s nothing wrong with spending $4.00+ every day on a coffee brand that you love, it’s merely an observation.

Author: Francis

Started out in science and somehow ended up in sales & marketing. Grew into a results oriented sales professional with extensive experience selling and positioning scientific solutions in the pharma/biotech, life sciences and medical diagnostics markets. In 1998 I created an excel sheet to track spending and cash flow to learn personal finance on my own. They don't teach this in school and by the time one figures it out, most of let all these resources slip through our fingers. It's time to pay it forward to this next gen so that they can shave 15-20 years off for working for "the man" with insights, a library of tools, and motivation from me and plenty of other FI bloggers that I follow. View all posts by Francis