Administration Expenses (6 of 6): Training & Utility Costs - John M. Leask II CPA/ABV, CVA

Administration Expenses:

Part 6 of a 6 part series

Warning Signs:

    • Increased administrative expenses.
    • Increased overhead expenses.
    • Significant adverse deviations from budget.

  • Significant increase in a particular line item’s cost.

Steps to Improve: TRAINING & UTILITY COSTS

  • Training Cost/CPE: Trim training cost with a procedures manual.
  • Training Cost/CPE: Use “show and tell” to shave staff educational costs.
  • Utility Cost: Conduct energy audit.
  • Utility Cost: Eliminate unnecessary utility cost.
  • Utility Cost: Reduce with maintenance and rate analysis.
  • Utility Cost: Reduce lighting cost.
  • Utility Cost: Reduce HVAC cost.
  • Utility Cost: Reduce machinery cost.
  • Utility Cost: Eliminate unnecessary utility cost.

Back to The Business Doctor

>>Administration Expenses (1 of 6): Cutting Administration Expenses
>>Administration Expenses (2 of 6): Cutting Insurance Costs
>>Administration Expenses (3 of 6): Cutting Interest Charges & Legal Expenses
>>Administration Expenses (4 of 6): Cutting Supply & Telephone Costs
>>Administration Expenses (5 of 6): Printing, Rent & Misc. Costs
>>Administration Expenses (6 of 6): Training & Utility Costs