{"id":11253,"date":"2025-04-16T16:05:27","date_gmt":"2025-04-16T14:05:27","guid":{"rendered":"https:\/\/uic.se\/?p=11253"},"modified":"2025-04-16T17:03:08","modified_gmt":"2025-04-16T15:03:08","slug":"understand-your-cost-structure-set-the-right-price-from-the-start","status":"publish","type":"post","link":"https:\/\/uic.se\/en\/understand-your-cost-structure-set-the-right-price-from-the-start\/","title":{"rendered":"Understand Your Cost Structure \u2013 Set the Right Price from the Start"},"content":{"rendered":"\n<div class=\"wp-block-group alignwide is-layout-flow wp-block-group-is-layout-flow\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:16%\"><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-container-core-column-is-layout-1a0eff7f wp-block-column-is-layout-flow\" style=\"flex-basis:68%\">\n<p>How do you calculate your break-even point? What\u2019s the difference between a cost and an expense? And how do you price your service or product so that your business survives and grows?<\/p>\n\n\n\n<p>In this video from UIC SkillHub, you\u2019ll get practical tips and insights on how to build a solid financial foundation for a startup. Together with experts from Grant Thornton, you&#8217;ll gain an understanding of different types of costs, how to set a price that covers all expenses \u2013 and how to proactively manage your company\u2019s finances. Watch the video here<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Understand Cost Structures in your Startup | Grant Thornton\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/XWe5O5xW0mA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Get a Grip on Your Company\u2019s Finances, Understand Costs, Set Prices, and Create Profitability<\/h2>\n\n\n\n<p>In this SkillHub video, you\u2019ll get help from UIC\u2019s partner <a href=\"https:\/\/uic.se\/en\/partner\/grant-thornton\/\">Grant Thornton<\/a> \u2013 experts in auditing, tax, consulting, finance, accounting, and payroll \u2013 all under one roof.<\/p>\n\n\n\n<p><strong>Meet:<\/strong><br><strong>Sofie S\u00f6derberg<\/strong>, Authorized Accountant<br><strong>Stephanie Ljungberg<\/strong>, Authorized Auditor<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Learn the basics of business finance:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The difference between <strong>fixed costs<\/strong>, <strong>variable costs<\/strong>, and <strong>investments<\/strong><\/li>\n\n\n\n<li>How to identify your company\u2019s costs and calculate profitability<\/li>\n\n\n\n<li>What separates a <strong>cost<\/strong> from an <strong>expense<\/strong><\/li>\n\n\n\n<li>The importance of having both a <strong>cost budget<\/strong> and a <strong>cash flow budget<\/strong><\/li>\n\n\n\n<li>How to <strong>follow up on your finances<\/strong> and get support from your network<\/li>\n<\/ul>\n\n\n\n<p>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 \u2013 today.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Chapters in the video:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Why cost structure matters<\/strong><\/li>\n\n\n\n<li><strong>Fixed costs, variable costs, and investments<\/strong><\/li>\n\n\n\n<li><strong>How to identify your costs and calculate profitability<\/strong><\/li>\n\n\n\n<li><strong>Cost vs. expense \u2013 what\u2019s the difference?<\/strong><\/li>\n\n\n\n<li><strong>How to proactively monitor and get the right support<\/strong><\/li>\n\n\n\n<li><strong>3 Key Takeaways<\/strong><\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button button_pinkish\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/uic.se\/en\/skillhub\/\">See all tips to develop your business<\/a><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:16%\"><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>How do you calculate your break-even point? What\u2019s the difference between a cost and an expense? And how do you price your service or product [&hellip;]<\/p>\n","protected":false},"author":125,"featured_media":11251,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","footnotes":""},"categories":[120],"tags":[],"class_list":["post-11253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uic-skillhub-en"],"acf":[],"mb":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Understand Your Cost Structure \u2013 Set the Right Price from the Start - Uppsala Innovation Centre<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uic.se\/en\/understand-your-cost-structure-set-the-right-price-from-the-start\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Understand Your Cost Structure \u2013 Set the Right Price from the Start - Uppsala Innovation Centre\" \/>\n<meta property=\"og:description\" content=\"How do you calculate your break-even point? 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