Finance - Return on Investment

Set-Up a Budget
You need to set up a budget at the beginning, before you start your business. The budget will set out your projected income and expenses and it should be monitored closely on a week to week and then a month-to-month basis, against your actual performance. You may need to break up your budget so there is a start up cost section, as well as the operational cost section.

Whatever you do, the budget is your road map, so you have to compare your actual performance at all times with that budget in case you find yourself in a situation where your operational costs are higher than what you can afford. Develop this budget with help from your accountant or financial adviser.

Work Out your Break Even Point

" The break even point is the point at which your revenue will equal your cost ..."

Your break even point is critical in ...

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