Managing overheads is a crucial aspect of running a successful business. Overheads refer to the ongoing expenses that a business incurs in order to operate but are not directly tied to producing a specific product or service. These costs can include rent, utilities, salaries, marketing expenses, and more. Effectively managing overheads is essential for optimizing profitability and ensuring long-term sustainability.
Managing overheads is a crucial aspect of running a successful business. Overheads refer to the ongoing expenses that a company incurs to operate on a day-to-day basis, apart from direct costs related to producing goods or services. These expenses can include rent, utilities, salaries, insurance, and other general operational costs. While overheads are essential for the functioning of a business, it is equally important to control and manage them effectively to ensure the financial health and sustainability of the company.
