December 2022

Break Even for Services Ever wonder why break even is done for products? Because it is easier. True story. Let’s fix some costs as fixed, then produce a widget. (A widget is a made-up term used as a fictional, generic product). Then take out the cost of the product and apply the rest to the […]

Fixed Costs verse Variable Costs – Products Let me start by saying this is an important concept. You need it to build all financial models. There are few concepts more important than this to all new businesses. If you don’t get this, then give up on starting your own business. OK, so some of this