Your break-even point is probably one of the most effective pieces of info when controlling the stresses your company’s profitability. Let's start with an easy definition: break-even point is the amount of sales that you need to generate to cover your entire variable and fixed prices. That implies that the company hasn't made any profit, but it has also not lost any money.
Tuesday, March 14, 2017
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Thursday, March 9, 2017
Every business, regardless of whether it is some MNC giant or that small bakery towards the end of your street, needs to manage its cash flow properly in order to survive. Many small companies believe that the statement of cashflow conveys the same information as the income statement. The reality though, is different.