Bottom Line - Keeping Overheads Low

30 seconds of business studies gold here - from the inspirational founder of specialist retailer JoJo Maman Bébé - Laura Tension. Laura spoke at the tutor2u Business Teacher conference back in 2006 and she really is a tremendous role model for students.

The question is - what is the most important lesson she has learned in business. Laura’s answer is simple - keep overheads low.

The clip would make a great starter or stimulus piece, and students could then consider some follow up questions. E.g: - Define what is meant by the term overhead - Explain how overheads affect the breakeven position of a business - Identify three major overheads that a retailer like Laura needs to control - What are the potential disadvantages of trimming overheads to their minimum?