Sales to a business are like rain to spring flowers. Without it, they wither and die. Finding what works to generate sales and earn a profit for your company is essential to your long-term success.
In much the same way, performing a break-even analysis to figure out how much product you need to sell to cover your costs of doing business is one of the most important aspects of running your company.
Let’s look at what the break-even point is, how to perform a break-even analysis, and why it’s important for the financial health of your company. You’ll see how determining your target profit, using financial analysis, and creating a company dashboard ties everything together, and of course, you’ll learn why calculating your break-even point is so important for your company.