Process: GL – Expense Creep

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Do you have a process in place for systematically reviewing your expenses?  Revenue?  Balance sheet? Are you looking at just one month by itself or the trend? Expenses are going up.  But that does NOT mean that you just accept it.  You have to fight for profit.  Rethink why.  Challenge your assumptions.  At a minimum write down your assumptions and see what they are.  Do they still make sense?  Did they make sense at one time? Maybe so, but you need to challenge them and the thinking behind them.  MOST importantly – train you team to think like this.

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