8/20/2013

Fixed and variable costs must be taken into account when calculating a company's break-even point, writes Brad Sugars, founder of ActionCOACH. After using a formula to compute the break-even point, determine whether the business opportunity you have identified will be profitable. "If your breakeven point is higher than your expected revenues, you'll need to decide whether certain aspects of your plan can be changed," he writes.

Related Summaries