When it comes to cutting costs, you have to forget about any imaginary thresholds and look at everything. I made a list of every contract that the bank had and looked for ways to lower costs for everything. And while it may be the million-dollar negotiations that everybody notices, a couple thousand dollars here or there are just as important. For example, I saved $5,000 by negotiating a contract with the guy who watered our plants. Most people don’t even notice that the guy exists. And when you tell him that he needs to lower his costs or lose his job, he’s puzzled because nobody has ever questioned him before. But $5,000 is three or four laptops for salespeople. I was also able to save $50,000 by changing our contract with the cleaning agency. You need to think of everything. —As told to Ben Worthen Related content News Nvidia accelerates enterprise adoption of generative AI Nvidia’s AI Foundations as-a-service offering aims to help enterprises build and run AI models that generate text, graphics, and even proteins. By Peter Sayer Mar 21, 2023 5 mins Cloud Management Infrastructure Management Artificial Intelligence BrandPost The Era of Multi-Cloud Services Has Arrived How to unlock the benefits of multi-cloud environments By Adelino Simao Mar 21, 2023 4 mins VMware BrandPost Why CISOs Are Looking to Lateral Security to Mitigate Ransomware How to fight ransomeware attacks with lateral security By Adelino Simao Mar 21, 2023 4 mins VMware BrandPost 4 Factors That Influence Modern App Success in a Multi-Cloud Environment Enable your developers to do what they do best: code By Adelino Simao Mar 21, 2023 5 mins VMware Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe