WEEK 6 – What is my breakeven point and why is this important?
The breakeven point is
the point at which your business is making neither a profit nor a loss.
The breakeven point is
critical to know exactly when you begin to make a profit and how low a price
you can offer, and the effects of discounting on your net profit.
If you have questions please contact Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100 for an initial consultation.
We provide accounting and wealth management services to clients in Woodend, Gisborne and Macedon Ranges areas within Victoria Australia.
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