Simple Math to Estimate If and When your Business will Make a Profit: Break-Even Analysis

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Break-even Analysis

Break-Even Analysis is a simple tool to estimate if your business idea will break even or not and how many units you have to sell before this happens. It is also used as a tool to tell you the price you need to sell your product or service for.

At Break-even point, you have covered all of your expenses, but no profit has yet been made, or when your total sales equal total expenses.

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Bringing your Fashion Store Online

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Why should you bring your new boutique online?

Taking your business online allows you to connect with people at anytime and from anywhere. It’s almost always the first place people start with to search for information about anything. 93% of people surveyed in the US said they used the internet to research before making purchases, and 91% of people said they search online to find local businesses. (1) So in order to make yourself known, your business needs to be there. Setting yourself up online will give you important visibility which will give your business the chance to grow.

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How to Open a Fashion Boutique in 5 Steps: An Overview

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Fashion Boutique

Reasons for opening up your own little shop are quite appealing – fewer people these days are satisfied with working for large companies to be rewarded only by salary and a pension. A lot of people are seeking something that is more fulfilling, more personal, or a higher calling. And you love that little clothing store on your local high street, it’s inviting, the people are friendly, and they’re helpful, maybe you should give it a go for yourself!

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