π Excited to share Golden Nuggets #3 from The Number Hunter! π
π’ Hello and welcome! Thank you for all the fantastic feedback last week, it’s truly appreciated.
π This week, let’s dive into profitability analysis. It’s all about ensuring your business is not just profitable, but thriving!
πΌ Imagine your business as a puzzle with different pieces – products A, B, C, and D. Each piece contributes differently to your overall profit.
π Analysing income, direct costs, and overheads helps determine the unit price and unit cost, crucial for understanding unit profit or loss.
βοΈ Overheads allocation depends on your business’s nature – volume, size, or time-based. Monthly tracking keeps you on top of your game.
π‘ Armed with monthly insights, decisions become clear – adjusting prices, benchmarking against competitors, or negotiating better deals with suppliers.
π― Make informed decisions by knowing where your profit and loss originate.
π I’m The Number Hunter, and I’m thrilled you’re tuning in. Let’s make a difference in your business together!
π Got a topic you want me to cover? Reach out, and I’ll address it in a future video.
π Thank you for your support! Wishing you all a fantastic week ahead!
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