Overhead

This is a preview of a concept contained in The Personal MBA by Josh Kaufman, a book that will help you master the fundamentals of business, hone your business instincts, and save a fortune in tuition. The Personal MBA distills the most powerful principles of business and delivers them quickly and concisely. Order your copy now…

What is “Overhead”?

“Beware of little expenses; a small leak will sink a great ship.” — Benjamin Franklin, early American political leader, scientist, and polymath

Key Points:

• Overhead is the minimum ongoing resources required for your business to continue operations.
• The lower your Overhead, the less revenue you need to keep going.
• Overhead is critically important if you’re building your company on a fixed amount of capital. The faster you spend it, the more quickly you’ll need to bring revenue.
• A lower Overhead means more flexibility.

Questions for Consideration:

• How much are you spending each month, even if you don’t sell anything?
• How can you minimize your business’ expenses without decreasing critical capabilities?

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True leaders aren’t made by business schools – they make themselves, seeking out the knowledge, skills, and experiences they need to succeed. Read this book and you will learn in one week the principles it takes most business professionals a lifetime to master. Buy The Personal MBA by Josh Kaufman now.