Today
Welcome back to the channel! Today, we're diving into the term "overhead" and what it means for your business.
*What is Overhead?*
Overhead encompasses all the expenses you need to pay to run your business smoothly. This includes:
- Payroll
- Utilities
- Insurance
- Cost of goods
- Contractor services
- Shipping costs
Essentially, overhead is the cost of doing business, covering everything you need to keep operations running.
*Understanding Overhead and Profit Margin*
To truly grasp how overhead impacts your business, it's important to understand its relationship with profit margin. Check out our video on profit margins [here](#) for a deeper dive into how these concepts interconnect.
Thank you for watching, and I'll see you in the next video!
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26 авг 2024
