Podcast: Ep#233 “ERA is the opportunity you have been looking for to be the business owner you want to be” (Ft. Tim Woods Franchisee at Expense Reduction Analysts)

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Today on Eden Exchanges, we spoke to Tim Woods who is a franchisee for Expense Reduction Analysts. Listen as Tim chats about the ERA business opportunity, his journey so far and what is so attractive about the opportunity

Tim Woods – Franchise at Expense Reduction Analysts in VIC

Discussion Points:

  • Background
    With a vast corporate background, Tim naturally gravitated to ERA
  • Becoming his own boss
    Tim’s experience in the corporate world inspired his motivation to work for himself under the ERA model
  • Why Expense Reduction Analysts?
    The people, the low investment, and the proven methodology of ERA caught Tim’s attention
  • Clients
    Tim explains the kinds of businesses he works with as an ERA franchisee
  • Demand in the market
    With a risk-free model, demand for ERA services is only increasing
  • A day in the life
    Tim outlines the daily activities that make up his workday
  • Proud achievements
    After achieving his initial goals, Tim has new global business aspirations that he is working towards
  • Training and support for franchisees
    With support in Australia and overseas, Tim explains how assistance and is abundant for franchise
  • Pandemic adaptions
    As a result of the pandemic, Tim’s business has moved online and his clients have shifted their intentions
  • Driving forces
    Helping the cash flow of businesses motivates Tim each day
  • Advice for potential franchisees
    Tim offers some actionable advice for potential franchisees
  • More information
    How to get in touch with Expense Reduction Analysts to begin your own business journey

Useful Links:

Company profile /
 Linkedin / Twitter

About the business:

Expense Reduction Analysts has been trading in Australia since 1992. They are a business consultancy offering strategic advice and practical methods for companies to achieve sustainable cost reduction. They have people with experience gained during long careers at a senior level in their areas, and they use this expertise to advise businesses on how to achieve best practices on each cost line. They help to:

  • Define internal processes
  • Manage supplier & client relationships
  • Achieve best in class pricing
  • Redefine process
  • Implement, manage and monitor new supply arrangements

 The majority of their work is done outside of client office environments. As a result, their processes, resources, and systems ensure minimal impact on your internal resources. They monitor supplier performance throughout a time frame aligned with the supply contract to ensure that all the savings are realised, sustained, and even improved over time. In addition, they collaborate with you on a fully transparent basis throughout the process, allowing you to retain control of all the critical aspects of the engagement. They then stay with their clients for the long term, ensuring commitments are kept. This ensures that they maximise the savings they identify and keep savings and supply on track.