Business expenses can’t always be perfectly predicted, especially when it comes to overhead costs. If leaders see that overhead expenses are increasing, they need to take preventative steps to protect the business’ financial assets. Often, this means tough decisions need to be made on what to cut out of the budget.
Whether it’s unused subscriptions, a pattern of over-hiring or another cost center, it’s important to carefully review several financial factors to ensure excessive or unnecessary expenses are identified and addressed. Below, a group of Forbes Finance Council members shares some essential factors a leadership team must consider and track to avoid financial loss in the face of rising overhead costs. Read more on Forbes.com.