Understanding Your Numbers & the Cost of Doing Business

Date/Time: Tuesday, March 22, 2022 - 10:00 AM to 10:45 AM
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About

Do you have a good understanding of your numbers and the cost of doing business? How important is it to evaluate and re-evaluate your expenses, budget and pricing to ensure you’re not losing money?  Most companies that fail run into this situation by not paying attention to these financial details. This session will help you identify and understand the true cost of running your business.

Objectives

  • As a result of this session, participants should be able to:

    • Realize the many hidden expenses doing business.
    • Understand the discipline needed to establish pricing to cover expenses.
    • Realize that you cannot “make up” or cover expenses with volume.  Losing money is losing money.
    • Understand the discipline needed to check expenses quarterly/annually as well as the discipline to stick to your budget.
    • Know that good is not always cheap and cheap is not always good.

Speakers