Part 3 of a 6 part series

Warning Signs:

• Increased administrative expenses.
• Increased overhead expenses.
• Significant adverse deviations from budget.
• Significant increase in a particular line item's cost.

Steps to Improve: CUTTING INTEREST CHARGES & LEGAL EXPENSES

• Interest Charges: Reduce them.
• Interest Charges: Use spare cash to pay down lines of credit.
• Interest Charges: Pay down revolving debt, or pay off long term debt if there is no need for the funds.
• Interest Charges: Refinance mortgages to trim interest costs.
• Interest Charges: Refinance loans when it will trim interest costs.
• Key Man Insurance: Protect your company's most valuable asset: you!
• Legal Expenses: Use lawyers correctly and early.
• Legal Expenses: Standardize and reduce.
• Legal Expenses: Settle or use alternative dispute resolution.