Are expenses higher than they should be? Don't know how trim costs?
April 16, 2024
by a professional from The University of Texas at Austin - Red McCombs School of Business in Austin, TX, USA
No shame in it.
I've seen over spending up to the billions - with a B. I'll help you without judging. Why?
Your expenses can kill your business. We don't want that. Here's how to stop it.
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Let's kill the myth that spending is the root cause issue.
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Overspending isn't the problem, it's a symptom of a bigger problem.
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Identify that problem is by looking at your numbers.
BUT, here's he rub, what I see most of the time, is that the books aren't clean. When it comes to data: garbage in, garbage out.
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If you start by looking at reports or going to a CFO BEFORE having an expert 3rd-party review of your books, you're likely looking at bad data.
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To get to the root cause of why your expenses are creeping up, you want a correct view of:
- Cash
- Revenue
- Expenses
- Key Ratios for your business
- You want to know
- Where are they now
- What are the trends
Hit me up if you want help figuring it out. Being a CEO is lonely enough. You don't have to do all this alone.