Determine how much revenue you need to cover both fixed and variable costs.
To assess the viability of your business, determine the breakeven point for your products and services, which is the sales volume required to cover all expenses before generating profit. By analyzing your overhead costs, production expenses, and pricing, you can establish a monthly sales target. Additionally, this process will allow you to observe how the breakeven point shifts as you modify pricing and costs. Hit "View Report" to see a detailed look at the profit generated at each sales volume level.
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