Break Even Points
After each day most business owners ask the question, did we win or lose today? Did we move forward or backward? Without knowing your break-even point, you will never know at days or weeks end if you are winning or losing.
My name is Michael Barbarita from Next Step CFO with the Know Your Numbers Minute.
Many business owners want to know their break-even point for the very reason of knowing whether they are winning or losing in a day, week or month.
Calculating break-even points is just one of many metrics I can provide the business owner to be able to evaluate the performance and productivity of their business.
And remember, the most successful business owners know their numbers.