What It's About
It's not good to run a business that loses money. How can you prevent that?
Notes from Chris
Episode 2939
Welcome back to Side Hustle School! Today’s question comes from Jamie in Phoenix, who runs a social media management business. She’s heard about the importance of knowing her break-even point but isn’t sure how to calculate it for a service-based business. We’ll walk through how to figure out when you’re breaking even and how that knowledge can help you grow strategically."Hey there, this is Jamie from Phoenix. I’ve been running a small social media management business for about a year now, and sometimes it’s great but other times it’s been a real struggle. So here’s what I’m wondering. I’ve been hearing about how important it is to know your break-even point, but I’m not sure how to figure it out for my kind of business. I don’t sell physical products—it’s all services like managing accounts and creating content. How do I calculate when I’m actually breaking even, and how can I use that info to grow more strategically?"Listen to today's episode to learn more...
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