Episode 36 – Safety Margins – Staying on Top of Your Break Even
Welcome back to our Elevate Weekly Video Series. Last week we looked at the 3 key areas for crystal clear communication, something no business can do without. If you missed the episode, I’ve included the link for you here.
This week is a special episode in response to a request on the subject of break-even.
I guess you’ve heard the saying, “turnover is vanity, profit is sanity and cash is king.” Your business can survive without profits, but not without cash. All of that is true, apart from the obvious reality that you’re in business to make a profit.
A key tool to keep on top of your business profitability and ongoing viability is the break-even calculation and knowing exactly where your break-even point is.
Check out this week’s video to find learn more. As always, if you have any questions please don’t hesitate to reach out to me.
If you’re not on our weekly mailing list, you’re missing out! Make sure you sign up below to receive our weekly videos straight into your inbox.