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The break-even point is where a your total revenue equals your total costs.
At this point, your business isn't making a profit, but it's also not incurring a loss.
It's the minimum amount of sales you need to cover all expenses.
Dr Maxwell Ampong explains more on 'Entrepreneur In You' on Mondays & Thursdays on the JoyNews Prime & DStv Channel 421 at 8:00 PM, on the Joy Business Report Thursdays at 1:00 PM on Joy99.7FM, and also on our social media channels.
At this point, your business isn't making a profit, but it's also not incurring a loss.
It's the minimum amount of sales you need to cover all expenses.
Dr Maxwell Ampong explains more on 'Entrepreneur In You' on Mondays & Thursdays on the JoyNews Prime & DStv Channel 421 at 8:00 PM, on the Joy Business Report Thursdays at 1:00 PM on Joy99.7FM, and also on our social media channels.
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- Dr Maxwell Ampong, Break Even Point, 'Entrepreneur In You'
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