When will I break even? It’s one of the biggest questions you’ll ask yourself when starting and growing a business. Breaking even is a healthy sign of growth and can be the difference between success and failure, hence the importance of conducting a break-even analysis.
Throughout this course you will learn everything you need to know about calculating your break even point, the formulas and how it can help your business thrive and succeed.
A business’s break-even point is the stage at which its revenue equalises with its costs. Once you determine that figure, you can take a hard look at all your costs — from rent and labour, to materials and also take a look at your pricing model.
This course is essential to those looking to understand their business finances in more detail and to confirm if their current pricing model is making revenue or losing the business revenue.
Enrol on this short course today or subscribe to gain full access to all of the Toppa courses.
Set your business up for success
Begin your first step today by selecting the module below and starting the course.