Basis of Business BreakevenBasis of Business Breakeven https://freebusinessbrokers.com.au/wp-content/themes/bb_broker/images/empty/thumbnail.jpg 150 150 Richard Willis https://secure.gravatar.com/avatar/73dcf572eb0c603f2f0ecce600bd4793?s=96&r=g
Break-even is an economic condition that occurs when the difference between a firm’s revenue and cost is equal to zero. Simply put, break-even is the minimum level of needed for a company to not to go broke!
Break-even looks are both Fixed and Variable costs, as well as Income. Fixed cost don’t change (eg., Rent). Variable goes up and down with Income (eg., Wages).
Do you know your Break-even in Dollars and/or Units sold?