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Published Aug. 25, 2011
This is a graph illustrating when fixed plus variable costs equal business revenue. That is, you neither lost or made any money on that volume for that product or service. Usually this calculation is shown as a graph but numbers of units and dollars are shown on the grid.
Every startup existing company must balance costs with revenues or they will lose money. This calculation, using an Excel formula, will calculate when a certain volume of sales will equal your fixed and variable costs. The variable costs are the cost per unit of volume. Most business plans will show this calculation.
If you’re an entrepreneur looking for small business capital, you should take note of a type of self-reliant funding. This has become ever more prevalent in today’s economic environment, as bank loans and other sources of capital have become more difficult to obtain. This self-reliant funding allows you to invest your retirement funds in your own business – tax-deferred and penalty-free – and can help get you off to a good start by building equity and reducing the need for debt and cash flow – important factors for the long-term success of your business. An equally important benefit of this type of funding is the establishment of a qualified retirement plan for your business that can help you and your employees save for the future.
Benetrends has been helping entrepreneurs successfully launch their dreams for over 30 years, with proven and innovative funding strategies that make the most of opportunity, while minimizing risk. We have been at the forefront of developing 401(k)/IRA business funding without penalty, and are regarded as the authority in franchise and small business financing.
In fact, our founder, Len Fischer, was the original architect of this approach to funding. We call this our Rainmaker Plan®, and while it is our flagship product, we also offer a comprehensive suite of funding vehicles that can be used individually or in conjunction with the Rainmaker. Whatever the solution is, you can be confident that we will get your candidates the funding they need – quickly, safely and economically.
The West Michigan Shoreline Regional Development Commission (WMSRDC) is a federal and state designated regional planning and development agency. WMSRDC operates programs in economic development, transportation, homeland security, environmental planning, community development, information and communications, and others.
Published Jul. 28, 2011
Eddie Davis, Senior Director of Merchant Services for PayPal, shares some expert advice on generating sales with your e-Commerce site.
Eddie Davis is the senior director of merchant services at PayPal and is responsible for providing PayPal's payment processing services to thousands of small and medium-sized online retailers. Before working with PayPal, Davis was the director of sales for the payment services business unit at VeriSign. Prior to joining VeriSign, Eddie worked at Netscape Communications/AOL and held the position of director of worldwide service sales.