So, I have been working as an Accountant for 30 years now!ย Hard to believe, really. The one issue I hear about and have experienced myself is the value of the administrative functions.ย This includes Human Resources, Accounting, Admin Support Staff.
The Administrative functions are known as overhead. The cost of having administrative staff does not generate revenue, build the product, package, or ship the product being sold. Because of this, the administrative function is sometimes thought of as just an expense and can be looked over or cut to save money.
Granted, excessive costs in any area of the business are not wise, but there is more to evaluating a business function other than revenue. Without a strong, effective administrative function, most businesses would not ever know if they were profitable or not, if they could add a new product line or not, or if they could downsize or expand. Avoid thinking of administration as a necessary evil; it is an important part of the business team.