Calculating the Break-Even Point in Your Small Business
Financial and Lifestyle Freedom for UK Business Owners
English - July 11, 2022 08:00 - 12 minutes - 11.3 MB - ★★★★★ - 3 ratingsBusiness Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: What to Do When Things Don’t Go According to Plan
Next Episode: Tax Tips and Secrets for Consultants and Coaches
Cash flow problems in your business are not a good thing. That is why it is of utmost importance that you are able to calculate the cash break-even point of your business because that ultimately is what matters.
It is also important that you eradicate money leaks in your business so that you are able to generate a revenue that is achievable, ensure that your costs are in alignment, so that you are able to create good money to take home.
Here are a few insights you’ll hear in today’s show…
What is the break-even point in economics and accounting?Why is it better to calculate the cash break-even point for a business?How to calculate the cash break-even point in your business? (...What are things you need to consider on a monthly basis?)What do you need to do when you have already calculated the cash break-even number, but your sales number is much higher than what you can generate in a month?What is a money leak?If you’re struggling to understand the accounting for your business, reach out to Annette at [email protected].
Resources:
Money Leaks Youtube Video
Connect to Annette Ferguson: