AN EXPENSE IS THE COST OF OPERATIONS THAT A COMPANY INCURS TO GENERATE REVENUE.
Common expenses include insurances, taxes, utilities costs, administrative wages, office space leases and equipment depreciation.
REVENUE - COGS = GROSS PROFIT - EXPENSES = NET INCOME
Expenses not directly related to the business' core operations. Common examples include interest charges and other costs associated with borrowing money, employee health benefit plans, commercial insurance, rent expense, utility expenses, CAM charges, etc.
POWER IN NUMBERS
INSURANCE is another big cost for a small business especially health insurance premiums. There are a number of specialized small business buyers’ groups that can help you get employee coverage at better rates than on the open market. In addition to health insurance, you may have better access to other types of insurance as well, including liability, professional indemnity, property, vehicle, and more. GPOs can provide discounted rates for some of the more popular types of business insurance.
HR, HIRING & PAYROLL is a big expense for many small businesses. Payroll, hiring, and other HR services are common expenses. Grouping your payroll and HR services together can mean good discounts and more benefits for your employees.
NON-INDEXED LIFE INSURANCE
CLICK ON YOUR INDUSTRY AND SEE IF WE HAVE A GROUP YOU'D LIKE TO JOIN.
IF YOU WOULD LIKE TO SUGGEST AN ADDITIONAL MARKET OR INDUSTRY PLEASE CONTACT US BELOW.