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break even

How do I work out my break even point and does it even matter?
Finance 

How do I work out my break even point and does it even matter?

January 4, 2021January 4, 2021 Nishi Patel 40 Views break even, break even point, costs, overheads

In its simplest terms, a break even point is reached when your total revenue matches your business costs and your business is not making either a profit or a loss. Anything generated above this point is a profit.

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Micawbering and insolvency - why you shouldn’t trust your break even point
Finance 

Micawbering and insolvency – why you shouldn’t trust your break even point

November 5, 2020November 5, 2020 Gavin Bates 76 Views break even, break even point, costs, overheads

I assume you have already worked out your break even point (BEP). If not, you really should because it would be ill advised to run any business without knowing it. If you haven’t done it, go and do it now. Actually, more sensibly, read this article first and then go and do it.

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No responsibility can be accepted for any actions that you take as a result of the content provided in this magazine. There is no guarantee that implementing any of the advice contained in the articles will definitely ensure your business success or have a positive impact. They are presented as information based on the experience of the authors working with many different types of businesses in their field of expertise and are provided as a choice for you to consider if they will be useful for your business.

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