Do Your Numbers Work?
Does the thought of financial reports stress you out? We get it! Running your own business means you are dealing with a lot of numbers and figures and they don’t all make sense to you. The question you need to ask yourself is “Do Your Numbers Work”?
It’s confusing, right? Especially when it’s not your area of expertise. There is one report that will help you better understand your business. That is your Break-Even Analysis Report.
Break-Even Analysis Report
A break even analysis will tell you your total cost = your total revenue. The breaking point where you reach zero. You’re not making a dollar and you’re not losing a dollar.
Once you know what your break-even point is, you are now going to know:
- Whether the price you are charging people is going to support the business.
- Your total revenue goal.
- Exactly how many gadgets or service hours you need to sell to meet that goal.
- More importantly, you are going to know with this Break-Even Analysis Report, if your business has a chance at being successful.
The bottom line? You will know if your numbers work.
Too often we jump in, we’re naive and we don’t really look at the numbers.
Most business owners put together a budget. The Break-Even Analysis is a different tool than a budget. We encourage you to use this PDF we have created for you to calculate your break-even analysis.
We know this can be confusing and stressful and that’s why we’ve made it our mission to unravel it all. Taking you from confusion to clarity, Accountabilities has you covered.