article thumbnail

How Do I Start A Small Business?

Strategy Driven

Conducting a Break-Even Analysis – As a business owner, if you can determine the price of conducting a break-even analysis, then in the long run, you can anticipate how profitable your products and services will remain! Fixed Costs / (Average Price – Variable Costs) = Break-Even Point –.

article thumbnail

The Ultimate Guide to Starting Your Own Small Business

Strategy Driven

Conduct a break-even analysis to help you determine profitability, price your products and analyse data properly. Do you have sufficient means to start the business? If not, will you be taking a business loan or a grant? Would it be better to bring in an investor or opt for crowdfunding?