Breakeven
This is a preview of a concept contained in The Personal MBA by Josh Kaufman, a book that will help you master the fundamentals of business, hone your business instincts, and save a fortune in tuition. The Personal MBA distills the most powerful principles of business and delivers them quickly and concisely. Order your copy now…
What is “Breakeven”?
“It is unusual, and indeed abnormal, for a concern to make money during the first several years of its existence. The initial product and initial organization are never right.” — Harvey S. Firestone, founder of the Firestone Tire and Rubber Company
Key Points:
- Breakeven is the point where your business’ total revenue exceeds its total expenses. It’s the point where it starts creating wealth.
- The initial revenue is not wealth, you need to cover your initial investment.
- Your breakeven point will change constantly, revenue and expenses fluctuate with time.
- The more revenue you bring and the less you spend, the more quickly you’ll reach Breakeven.
Questions for Consideration:
- What is your breakeven point? Have you calculated it?
- Are you moving closer to breakeven, or sinking deeper into debt?
Share this concept: http://book.personalmba.com/breakeven/
True leaders aren’t made by business schools – they make themselves, seeking out the knowledge, skills, and experiences they need to succeed. Read this book and you will learn in one week the principles it takes most business professionals a lifetime to master. Buy The Personal MBA by Josh Kaufman now.
