The Hidden Costs Killing Small Businesses (And How to Catch Them Early)
Tara Lieschke discusses the quiet profit-drainers most small business owners overlook — hidden costs. These are the subtle, recurring expenses like unused subscriptions, late fees, over-ordering, and untracked staff hours that can gradually eat away at your bottom line without you realising.
In this episode, Tara shares:
What hidden costs actually look like in real-life business scenarios
How effective bookkeeping helps you catch these costs early
Six practical strategies to plug profit leaks, including how to review your profit and loss weekly, automate billing processes, and customise your Chart of Accounts for greater visibility
If you're a tradie, bookkeeper, or small business owner trying to stay on top of your finances, this episode gives you simple, actionable ways to take control and protect your profit.
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Disclaimer:
This podcast is for educational purposes only and does not constitute financial advice. Please speak with a qualified professional to discuss your individual business needs before making financial decisions.