Every business needs to have a certain amount of sales to cover their fixed costs and that becomes a challenge for businesses that are running at or below break-even.
Right now, for many businesses, it’s critical to get to break-even quickly. So understanding your breakeven point and being able to evaluate your fixed costs to bring that break-even point down is a priority.
In this video, we look at using a simple two-step mathematical formula to calculate your break-even point – where your gross profit will cover your fixed costs.
