Stay on top of fixed costs to protect your business.
- Overhead and fixed costs
- Office space, land, buildings, etc.
- Insurance, bonds, lead services, etc
- Computers, printers, etc.
- Supplies and other office related items
- Staffing
- All part of the business we need to manage just like a project
- We need to create a budget and use it
- I worked with a firm that did not create a budget, marked up projects by 15%, we later calculated that their overhead was actually 22%
- We need to carefully track versus our revenue
- Plan and manage these costs just like a project budget
- We need to create a budget and use it
- Evaluate regularly and trim the fat
- Operate a lean business
- Look at everything
- Even the small bills add up to big numbers
- Get value for every dollar you spend