Workbook for Small Business Management by Tim Mazzarol & Sophie Reboud

Author:Tim Mazzarol & Sophie Reboud
Language: eng
Format: epub
ISBN: 9789811395130
Publisher: Springer Singapore

The day to day or month to month trading of the business is where the dynamic indicators become important. These measure the firm’s profitability, break-even and general operational efficiency. For this reason, gross profit margin is a more useful measure than net profit. Also important is the ability to examine the break-even point in a dynamic way.

The break-even point is the volume of sales required to cover both fixed and variable costs. Knowing the firm’s break-even point and determining how many sales are required per month, week or even day, can significantly empower the small business owner to gain control over their company. Monitoring the firm’s break-even point, calculating the number of sales required to achieve break-even, and carefully watching cash flow are all essential to the successful financial management of a small firm.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.