Free Break Even Analysis Spreadsheet
October 28, 2005
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Have you ever wondered what your break even point is? Well wonder no more. You can edit this spreadsheet and add your own numbers! Try it, the spreadsheet will recalculate immediately. For more information scroll down to read the notes below the spreadsheet.
Break Even
The break even analysis depends on four specific variables:
- The fixed production costs for a product.
- The variable production costs for a product.
- The product’s unit price.
- The product’s expected unit sales (sometimes called projected sales)
The Break Even calculation is the number of units that must be sold in order to produce a profit of zero (but recover all related costs).
Break Even = Fixed Cost / (Unit Price - Variable Unit Cost)
Understanding Break Even
While your break even can vary from month to month this tool can be used to calculate the sales volume required to recover all the variable and fixed costs associated with producing your product or service.
After your break even point, you begin to earn profit. This tool is a great aid when trying to make strategic decisions including price levels, determining the most favorable combination of fixed and variable costs.
Notice that each time you change a parameter in the Break-Even Analysis, the break-even unit volume changes, and so does your risk. If you have questions, leave a comment.
NOTE: best viewed using Firefox or IE/6
Break Your Mental Constipation
October 27, 2005
I am reading the book Jump Start Your Business Brain by Doug Hall. On page 192 he asks a series of questions:
- What have you done to stimulate your brain?
- How many hobbies have you engaged in?
- How many physical activities?
He says that regardless of your numbers it is time to ramp up your activity and makes the following suggestions:
- Read a magazine of book that you normally wouldn’t bother with.
- Exercise your body, it stimulates the brain and impacts your ability to think smarter and more creatively.
- Create a craft project you would not normally do.
- Learn a new skill or take a class.
- Cook a meal from scratch.
- Enjoy music and all kinds. Try a podcast.
- Experience new people and engage in meaningful conversations.
- Write your thoughts on paper.
- Travel to a foreign destination.
- Visit museums.
Use it or Loose It
To invent dramatically different ways to grow your business, your brain has to be in shape. Exercise it, give it a work out!
Inventor Fraud
October 25, 2005
I found a promising website that has a good list of resources and information relating to Inventor Fraud. The home page states:
Michael S. Neustel, a U.S. Registered Patent Attorney, founded the National Inventor Fraud Center, Inc. (NIFC) with the goal to provide information to consumers about invention promotion companies and how people can market their ideas. Many inventors do not realize that some invention marketing companies charge thousands of dollars, yet have success rates of 0.00%. The goal of the NIFC is to educate and help inventors make the right decisions. The NIFC is owned by Neustel Law Offices, LTD.
The website lists judgments, court decisions and successful lawsuits in favor of inventors. Well worth a visit.
Am I a lazy writer?
October 24, 2005
I often get asked why I share so much information and write so much. Frankly, it does not seem like much to me. I guess it is just the way I am wired.
I Started Writing Out of Frustration
The real reason I started writing online and sharing business information, tips and articles and now book’s is because there is just so much crap in the small business space.
For example, this morning I was doing some research online (for my next book on business planning) to see what I could learn about business planning from an inventors perspective. I am disappointed to say that all I could find were outlines, lawyers, and listings about scam artists trying to lift money from inventors pockets. Worse Google has a huge issue with Splogs (over-optimized, short on content spam blogs) who at best give a topic a cursory treatment purely to milk easy money from Google Adsense.
For the business owner who just wants good information on running their business better, it can be a disappointing and frustrating experience.
So Few Really Understand How To Connect with Readers
Just like anything else in this world if you share your knowledge, help people solve problems with quality content, it says something positive about you and your business. That is called branding, good business and being a good citizen.
It is easy to write, it is hard work to write with quality, meaning and substance. It is even harder to write so that someone keeps reading.
Write To Impress
I was thinking about Lorelle’s post about ‘impressing her‘ and if you do, she promises to interview five winners and write a profile about you on her blog.
As she says, if you can impress her, other people reading your blog will be impressed too. Isn’t that the point? To earn the right to be read, admired, and trusted? That requires writing with a purpose.
I am Guilty
Sure I am busy writing another book with a December deadline, launching my coaching business, and coaching clients. Yet, I get caught up in the daily rush and sometimes short shrift writing with purpose.
If you ever feel like I have missed the mark, let me have it!
Let’s get it ‘write’, OK?
NOTE: I just had to rewrite this post to make it worth your time.
Buying a Business, Tips and Traps Buying a Business Book and Shameless Self-Promotion
October 17, 2005
Why do we buy a business or buy a book?
Download MP3
Click to Stream | Right Click to Download
You can also listen and subscribe on
podcasts.yahoo.com
I also have my own ODEO channel, you can visit
My Odeo Channel (odeo/a9164f98a21aae28)
Buying a book or a business allows you tap into someones experience and learn from them and reduce your risk.
How I got the chance to write this book. How McGraw-Hill found me.
Get the download URL for the Don’t Start a Business, Buy a Business send an email to gregbd at gmail dot com
Remember to send your questions you have after listening to the Mr. X podcast.
What is a business coach and why work with a business coach.
More information about my next Action Group and how you can save $155.
Meet Mr. X He is Selling His Business - Episode 2
October 13, 2005
Listen to an hour long interview I did with Mr. X, he gave permission to include this in my podcast. He is selling a six year old service business. Get a piece of paper and write down your questions as you listen to Episode 2, then in Episode 3 I will answer them.
Download MP3
Click to stream | Riight Click to Download
You can also listen and subscribe on
podcasts.yahoo.com
I also have my own ODEO channel, you can visit
My Odeo Channel (odeo/a9164f98a21aae28)
Meet Mr. X Who is Selling His Business
October 13, 2005
This is the first of three episodes where Mr. X asks questions (we actually have more of a conversation than a formal Q & A) and I answer them.
Get a piece of paper and write down your own questions and observations and send them to me at gregbd ar gmail dot com and I will answer them in the third episode.
Download MP3
Click to stream | Riight Click to Download
You can also listen and subscribe on
podcasts.yahoo.com
I also have my own ODEO channel, you can visit
My Odeo Channel (odeo/a9164f98a21aae28)
Is ADD or AD/HD an Entrepreneurial Trait? Plus Four Amazing Questions
October 12, 2005
In this podcast I talk about how entrepreneurs and business owners can become somewhat obsessed with the business and share an incredible story of an entrepreneur who went from the streets to become a multi-millionaire.
MP3 File
Click to Stream | Right Click to Download.
Or insert My Feedburner Feed:
http://feeds.feedburner.com/TipsTrapsWhenBuyingABusiness
in your podcatcher or add it to iTunes by copying the URL then select “Advanced” menu and paste the URL into the popup box and iTunes will take over from there.
You can also listen and subscribe on
podcasts.yahoo.com
I also have my own ODEO channel, you can visit
My Odeo Channel (odeo/a9164f98a21aae28)
Stupid Human Tricks by Business Owners
October 10, 2005
This podcast is about the “Stupid Human Tricks” that busines sowners inflict on themselves and the limiting beliefs that prevent them from getting what they want.
Download MP3 File
Click to Stream | Right Click to Download
Or insert My Feedburner Feed:
http://feeds.feedburner.com/TipsTrapsWhenBuyingABusiness
in your podcatcher or add it to iTunes by copying the URL then select “Advanced” menu and paste the URL into the popup box and iTunes will take over from there.
I also have my own ODEO channel, you can visit
My Odeo Channel (odeo/a9164f98a21aae28)
Buying a Business Podcast - News Update
October 7, 2005
Have been getting lots of feedback and all of it positive. A special shout out to Ken, Tom and the rest of you.
In this podcast I announce an upcoming interview with someone who is selling a business, that will come out next week. Plus a private Google Group especially for listeners of the Buying a Business Podcast.
Remember to get your free copy of my ebook: Don’t Start a Business, Buy a Business. Send me an email: gregbd at gmail dot com
Share this podcast with your friends and associates, I would appreciate it!
Here is today’s podcast. Click to listen or right click to download
Or insert My Feedburner Feed:
http://feeds.feedburner.com/TipsTrapsWhenBuyingABusiness
in your podcatcher or add it to iTunes by copying the URL then select “Advanced” menu and paste the URL into the popup box and iTunes will take over from there.
I also have my own ODEO channel, you can visit
My Odeo Channel (odeo/a9164f98a21aae28)
where you can leave a comment, subscribe to other podcasts or add your own tags.
Feedback, Questions or Help: 1-866-281-8281 or by email to gregbd at gmail dot com 
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