With every dollar that you spend on your business, you have to ask yourself how much money is this going to make us? And if the answer is none, then you really need to question that decision of whether or not to buy that thing. I mean, we've we spend an enormous amount of money doing things like plumbing a coffee maker and cameras sitting there. It hurts. This isn't making us money; it's just Collecting us.
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.
--
Want to become a Business Made Simple Certified Coach? Apply now at CertifiedBusinessCoach.com
Needing to hire a Business Made Simple Certified Coach? Go to HireACoach.com
At Business Made Simple, we teach you everything you need to know to grow a business — BusinessMadeSimple.com