THA 061: Know Your Daily Sales Break Even Number

THA 061: Know Your Daily Sales Break Even Number

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The Rule of Holes: Know When To Stop Digging

Knowing your break-even point -- the point at which total cost and total revenue are equal is important to running a business. It is not just good enough to reach your daily break even, you must exceed it if you are to stay in business.

Knowing the break-even point is helpful in deciding gross margin on parts, labor rates, setting sales budgets and preparing a business plan. If you do not reach your daily break-even then there is a great chance ... See More

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