cashflowHigh overheads:

How much does it cost to run your Business?

That is those costs not directly related to selling your goods, products or services. Costs such as utilities, rent and office equipment are some examples.  You may have others.

Tips:  

  • To get on top of this, undertake an audit to establish what you have, what is needed, and what works. Keep, recycle, chuck! 

  • Assess, determine if there are any cost-saving measures that can be introduced. Paperless systems, utility gas and electric efficiencies can be investigated without compromising Business operations.Look around you might find more!   

  • Investigate vacant, underused space (floor or outdoor). Can it be leased out to generate revenue to counter expenses! 

  • Review your telephone systems, digital online phone systems may be more cost-effective.