Let’s talk a little bit about WHY your break even point is SO important…
A Break Even Point (BEP) is the total amount that your company, product, or service needs to sell in order to make a profit.
Consider the B.E.P. as your baseline goal for being profitable. Once you know this number, you can set specific income goals, and act faster and more strategically towards reaching them.
Without it, however, you have to estimate how much is needed to break even, and can easily end up losing money in the long run.
Most successful businesses put systems in place to track various goals. In fact, setting and tracking sales goals are a HUGE part of any big company’s regular workload.
Google, for instance, has hundreds of employees (and dozens of teams) whose entire job is to establish, track, and measure goals in all aspects of the company- including the Break Even Point for any product, service, or department they have.
But for smaller companies, tracking goals can sometimes seem exhausting and unneccessary.
It can be overwhelming to put another goal into place and keep track of your progress- even if it costs you money and slows your progress.
That’s why we wanted to simplify things for you, and make setting and tracking your Break Even Point a no-brainer.
Now here’s the cool part:
The dashboard we’ve built for you helps you see a few valuable key points of profitability-
- How many sales to break even (the main point, of course)
- Where you stand with current sales versus your ideal goal (and see multiple scenarios!)
- Your pace towards reaching your goal & B.E.P. (great for when you feel like you’re falling behind or to see when you need to kick into high gear!)
- and more!
And this is all automatically calculated based on a few bits of info, for truly personalized tracking!