EPISODE · Jan 2, 2018 · 9 MIN
01. True Break Even
from Building Your Multi-Million-Dollar Practice: a podcast with Peter M Vessenes · host ProfitSee
One of the most common questions we receive is “what is breakeven, really?” Most people believe that breakeven means nothing more than the monthly revenue that will cover expenses. Now this sounds good, but it doesn’t really work that way. Why? Well not all bills are paid on time, so you have to taking aging receivables into account, and you can’t forget about seasonality trends. Listen to this podcast to learn from ProfitSee's CEO & Founder, Peter M. Vessenes on how to calculate True Breakeven and help your clients account for growth, risk, and plan for a successful future. Learn more and download the PDF with the formula instructions here:
What this episode covers
One of the most common questions we receive is “what is breakeven, really?” Most people believe that breakeven means nothing more than the monthly revenue that will cover expenses. Now this sounds good, but it doesn’t really work that way. Why? Well not all bills are paid on time, so you have to taking aging receivables into account, and you can’t forget about seasonality trends. Listen to this podcast to learn from ProfitSee's CEO & Founder, Peter M. Vessenes on how to calculate True Breakeven and help your clients account for growth, risk, and plan for a successful future. Learn more and download the PDF with the formula instructions here:
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01. True Break Even
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