Overhead can creep in when you're flush with cash. Go through your credit card statements and just look at the subscriptions that you're paying for. Check out how much money you're spending on rent or on your building. Your profit loss is another good thing. It can be a one time audit that ends up saving you tens of thousands, hundreds of thousands or millions of dollars this year.
A coke machine in the break room or a food truck party for your staff might sound like a fun idea. But the reality is – that’s overhead, and it’s slowing your business down (and costing you money). In part six of our seven-part series, How Your Business is an Airplane, we’re focusing on overhead. Sure, you’re going to have some expenses that don’t drive crazy revenue, and sometimes that’s okay. The answer isn’t to cut those expenses altogether – it’s to learn this simple formula so you know what’s worth your time, and what’s holding you back.
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