Total Operating Cost (TOC) is a comprehensive measure of all the money and resources required to keep your business operations running. This includes costs like salaries, office rent, equipment purchases and maintenance, materials, utilities, marketing expenses, taxes, and insurance premiums. All these costs can add up quickly, so understanding your TOC is essential for maintaining profitability and staying competitive. With knowledge about your Total Operating Cost, you’ll be able to make informed decisions about where to cut costs, where to invest in growth, and how to remain profitable.