Using breakeven analysis.
Speaker: Westpac's Davidson Institute
Duration: 22.34 minutes
Ever wondered what additional income you need to cover the cost of a new employee, or upgrading equipment? Breakeven analysis can help take away the guesswork.
The webinar will take participants through the concept of breakeven analysis, looking at the relationship between price, volume, and cost, and using the understanding of that relationship to answer questions such as “If my costs are increasing, how much do I need to increase my price by to remain as profitable as I am now?” or “If I increase my prices how much market share can I afford to lose?”
We'll help you learn how to:
- identify the difference between fixed and variable costs
- calculate the breakeven point of a business
- measure what impact changes to your price, volume, or costs can have
This webinar is ideal for:
- business owners or managers facing increasing costs
- business owners or managers growing sales
- business owners or managers wanting to improve their profitability