GoodScout
Well-known member
- Joined
- Sep 25, 2012
- Messages
- 1,330
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- 550
Well, time to do some major pruning on expenses.
We've done a good job in renegotiating and bringing down our insurance and some utility costs, but now we need to start pruning further.
One help would be to know which categories are out of whack with the industry in general. Unfortunately, I don't think everyone would be OK posting their expense categories percentages on this board.
Anyone have any ideas of how we could share our expense percentages in confidence? I'd love for someone to tell me that spending 18% of our sales on payroll is too much. Or 15% of it on our mortgage. Or 8.5% on utilities or 5% on insurance and 4% on advertising. You get the idea.
Any thoughts?
We've done a good job in renegotiating and bringing down our insurance and some utility costs, but now we need to start pruning further.
One help would be to know which categories are out of whack with the industry in general. Unfortunately, I don't think everyone would be OK posting their expense categories percentages on this board.
Anyone have any ideas of how we could share our expense percentages in confidence? I'd love for someone to tell me that spending 18% of our sales on payroll is too much. Or 15% of it on our mortgage. Or 8.5% on utilities or 5% on insurance and 4% on advertising. You get the idea.
Any thoughts?