One of the most vital numbers to know in order to make a profit is your ‘Break-even’ sales point. Obviously your objective in business is not to ‘break-even’, however this is a great place to start avoiding losses and make profit.
In a ‘service based’ business, if what you have to sell is time and materials, you need to maximise the amount of each you have to sell to achieve your desired profit margin. The best way to achieve maximum output, is to set targets and monitor them to ensure you achieve your desired goals. In this free eBook, you’ll learn about what drivers to track, how to set targets and track progress.