Description
Learn how to identify your business’s breakeven point and gain knowledge on the basic business profit equation.The significant changes felt by both the largest and smallest businesses in the past two years mandate significant financial reevaluation. For example, a large firm shifting to work from home will face increased inefficiencies (increasing the variable costs of operations) but will save on rents, utilities, and other fixed operating costs. Many smaller firms, such as restaurants and momandpops are working at a different level of operations, trying to discern how to remain profitable in the new economy. Finally, many small businesses are emerging, whose owners need a fundamental understanding of basic financial tools. Breakeven analysis is a core element of financial education, and a mustdo for anyone operating a business at any size or scale.
Date: 2021-09-14 Start Time: End Time:
Learning Objectives