Are you overspending?

How long has it been since you analyzed your expenses? Not just inventory and equipment, but office supplies, professional fees (don’t forget those attorney bills!), vehicles…  How about payroll and owner draws?

In the current economy many business owners will tighten everything except payroll and still wonder where the cash went. It may simply not be possible to continue to pay yourself or your employees what everyone “used” to make. Or, the owner may have “big truck syndrome” and is buying inappropriate items (trucks, nice cars, etc.)

Ask yourself: