Friday, May 4, 2007

Business Tip 5 - How efficient are you?

An old axiom in the accounting business; The mark of an efficient practice is 1/3 of sales for payroll, 1/3 for overhead and 1/3 for you.

I taken that and altered it for manufacturing sector; 1/5 for payroll, 1/5 for direct costs, 1/5 for CAPEX , 1/5 for overhead and 1/5 for you.

How does your business match up?

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