How do you calculate your break-even point? What’s the difference between a cost and an expense? And how do you price your service or product so that your business survives and grows?
In this video from UIC SkillHub, you’ll get practical tips and insights on how to build a solid financial foundation for a startup. Together with experts from Grant Thornton, you’ll gain an understanding of different types of costs, how to set a price that covers all expenses – and how to proactively manage your company’s finances. Watch the video here
Get a Grip on Your Company’s Finances, Understand Costs, Set Prices, and Create Profitability
In this SkillHub video, you’ll get help from UIC’s partner Grant Thornton – experts in auditing, tax, consulting, finance, accounting, and payroll – all under one roof.
Meet:
Sofie Söderberg, Authorized Accountant
Stephanie Ljungberg, Authorized Auditor
Learn the basics of business finance:
- The difference between fixed costs, variable costs, and investments
- How to identify your company’s costs and calculate profitability
- What separates a cost from an expense
- The importance of having both a cost budget and a cash flow budget
- How to follow up on your finances and get support from your network
Want to build a company with control over its finances from the start? Then this video is a must-watch. Take advantage of expert knowledge and get concrete tools that will help you make smart decisions in your business – today.
Chapters in the video:
- Why cost structure matters
- Fixed costs, variable costs, and investments
- How to identify your costs and calculate profitability
- Cost vs. expense – what’s the difference?
- How to proactively monitor and get the right support
- 3 Key Takeaways