Increase Your Profit by Understanding the Numbers
- 1 hour on-demand video
- Full lifetime access
- Access on mobile and TV
- Certificate of Completion
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- Structure a business to maximize profit.
- This course has no prerequisites. It covers very basic concepts.
Break even point. Cost structure. Margin. These are words that entrepreneurs and investors throw around. What do they mean? How do they impact profit? Can you be conversant with these terms?
This course will provide you the overall perspective to generate more profit. Rather than toil away doing more things faster, you will learn the key numbers and how they can be monitored and modified. Your perspective will move from working IN your business, to working ON your business.
- Students, businesses owners, managers and entrepreneurs
Welcome to the course! Many business owners pursue just one strategy to increase profit - they try to sell more stuff! In this course we are going to develop a new perspective on business and learn the key numbers that lead to improving our business. This will be a fun and enjoyable experience.
Before you can make a profit, you must break even. But you say "I want to do more than just break even!". Yes, but do you know what your break even point is? How many ice cream cones does Ben have to sell to cover all of his expenses? We'll find out. And we will begin to develop a formula for computing this key number.