Summary
Business overhead costs are the ongoing expenses required to keep a company running, even when it is not actively producing goods or services. The article explains that overhead includes costs such as rent, utilities, insurance, software subscriptions, administrative salaries, and marketing. It distinguishes between fixed, variable, and semi-variable overhead expenses and emphasizes the importance of tracking them accurately. By calculating an overhead rate and regularly reviewing expenses, business owners can price products correctly, protect profit margins, and avoid hidden losses. The article also highlights practical ways to reduce overhead, improve efficiency, and strengthen long-term financial stability.
Small Business Trends
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