Profit Formula

[ Blackboard Fridays Ep. 65 ]
by Jacob Aldridge Published

Happy Friday Blackboarders,

Very few of us started a business because we're good at maths. So unless you're one of the special few, you're probably like most of the entrepreneurs I speak with. You can tell me:

* Last month's revenue

* This month's likely sales numbers

* How much cash you have in the bank, and

* Roughly how much money you have left over each year - aka, your net profit.

You also want the last of those (heck, all of those) to be a higher number, right?

Well there's a critical number you need to be able to calculate: your Break Even point. In this week's video I walk you through how, exactly, you can determine this pivotal figure, the point at which your business shifts from loss to profit each month.

It's not quite as simple as it sounds ... but combining a couple of numbers you already have become easier when you can see the extra profit on the other side.

Watch this week's episode here.


Take 5 minutes each week to focus on your business instead of dealing with the demands of working in it.

Blackboard Fridays

Jacob Aldridge
read more by Jacob Aldridge

Over the past 12 years, more than 300 active growth businesses in Australia, the UK, and Asia-Pacific have worked with Jacob in his role as an international business coach, partner and advisor.

As Director of Advisory at businessDEPOT, Jacob continues to work one-on-one with SME businesses and directors, while also leading the development of our Strategic Advisory services across Workshops, Group Programs, and Online business guidance.

Jacob's alumni clients and those who have attended his presentations describe him as the smart and quirky business guy who makes genuine change happen. He brings business experience that impacts both profit and valuation, plus a unique energy borne from the belief that business is best when it's fun.

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