How to Calculate Your Break-Even Point and How to Use It

Break-Even is the point where variable and fixed costs have all been recovered and profit begins. The company Income Statement provides all the information needed to calculate Break-Even. Break-Even can be calculated for any time period and for any group of revenue streams where fixed expenses can be associated with reasonable accuracy. The Break-Even formula can be used as a model to estimate the financial effect of major business decisions.

A Vision, The Strategy and The Princess

A vision statement should communicate two things. One is open for the public, the other should only be shared within the organization. And there is a relation between a vision and your strategy.

Strategic Planning Workshops

Participative Strategic Planning Workshops have come up as a welcome endeavor. They help in maximizing organizational resources, alongside promotion of creativity and innovation emerging from the coming together of various groups with different ideas and plans. Thus, such interactive and participative Strategic Planning Workshops provide a thrust towards the proper implementation of strategic plans.

Strategy

Stated in simple terms, strategy is a complete plan designed specifically for attaining the objectives of the firm. The objectives indicate what the firm wants to achieve; the strategy provides the design for achieving them. It is the strategy that decides the success at the business unit level, which in turn decides the total corporation’s success. The linkage between strategy and overall corporate success is indeed direct and vital. And in this linkage lies the significance of strategy.

Strategic Business Planning

Strategic Business Planning generally focuses on a particular product, service or program. Chalking out, maintaining and upgrading a Strategic Business Plan is essential for any business (including successful and growing businesses).

So, Your Business Strategy... Well... Sucks! Now What are You Going to Do?

Strategy is a unique game plan designed to gain a position in a specific market. It is unique because it takes advantage of a company’s specific strengths while minimizing or neutralizing its weaknesses and exploiting the weaknesses of its competitors.

What Is Your Business Strategy?

Do you have a business strategy, or do you allow your business to rule you?

Taking Off Without a Business Plan

Would you board a plane with no particular destination in mind? If so, then feel free to build your small business without a bsuiness plan because you'll end up where ever the pilot chooses to take you.

Market Mix Strategy for Mobile Oil Change Businesses Considered

In the mobile oil change business there are two primary sectors to consider when determining market mix. For instance there is the personal car market, which handles the DFM; Do it For Me, as opposed to the DIY; Do it Yourself, car owner who changes their own oil. And there is the fleet oil change business and off road heavy equipment oil change business.

Federal Enterprise Architecture

Federal enterprise architecture is a Presidential initiative aimed at making the Federal government capable of handling challenges in the new information age. The initiative, headed by the Office of Management and Budget (OMB), proposes to change the governmental perspective to one that is citizen-centered, result-oriented, market-based and customer-focused through a new business-based framework called the Federal Enterprise Architecture (FEA).

Potential Clients - Evaluation Criteria

Potential clients need to be evaluated for their ability to become steady long-term clients. This evaluation process includes asking some pointed questions in your original meeting in order to qualify these potential clients.

Free Counseling and Advice Every Startup and Growing Business Needs To Succeed

Free Business counseling information is available, and can save your business money.

Business Plan: Plop, Plop, Fizz, Fizz

Oh, what a relief it is! The old Alka-Seltzer jingle suggests a plan and process to obtain relief from whatever ails you. How do organizations obtain relief from the headaches caused by ongoing challenges? More specifically, how do businesses acquire and maintain a high-performance model? Simply put...they achieve focus!