by Ken Matesz

“There are no mistakes. The events we bring upon ourselves, no matter how unpleasant, are necessary in order to learn what we need to learn; whatever steps we take, they’re necessary to reach the places we’ve chosen to go.”

Richard Bach

“A man must be big enough to admit his mistakes, smart enough to profit from them, and strong enough to correct them.”

John C. Maxwell

By Ken Matesz

The word “overhead,” in business, is an accounting term that refers to all ongoing business expenses not including or related to direct labor, direct materials or third-party expenses that are billed directly to customers.

In my masonry heater business, the firebox door to be installed on the customer’s project is a direct material expense of the project, not overhead.  But the phone bill I receive for having the ability to call customers is an overhead cost.  My truck and its maintenance is overhead.  Replacement diamond blades are overhead costs as are things like the maintenance of a brick saw.