Remember this…Overhead never sleeps or rests. Overhead has an appetite that never goes away.
In other words, FU pay me…. Every month!
No revenue, don’t care, PAY ME!
It is more important to manage overhead than ever.
Overhead or expenses and strategies to manage them in a down economy.
*Rent (P/I if you own)
*Payroll
*Utilities
*Loans
*Marketing/Advertising/Sales
*Consultant
Rent (P/I if you own)
Work with your landlord or bank.
Opportunities
Suspend payment?
Reduce Payment?
Reduce Payment and Amortize into the balance of rent term or mortgage?
Pay Interest Only?
Ideally have payments suspended AND then start at a lower rate.
Get what you can…. But get something!