Simple Tool To Calculate The Impact of Price Increases and Decreases on Break Even Point
The video below explains how to use this simple Excel spreadsheet to see the impact on your bottom line of price increases and decreases. Eg what does a 10% price rise do to your profits? And how much do you need to increase your total sales by to make up for a 25% discount? Easy. Just fill in the orange cells and it shows you.
This is a simpler version that can give great insights to what happens to your break even point when you alter your price. And will bring you back to reality when you are considering the idea of “making up for reduced margin with greater volume”.
Please click the little white icon in the bottom right of the video box below to make it big enough to see clearly. [Sorry about the horrible music – will get some more awesomeness for the next video!]
To get the tool for free – just subscribe using one the many red “Subscribe Today” boxes scattered all over the site. I promise to never bore you or send anything that I don’t think is valuable for you. And my list is not for sale or rent.
Cheers
James Hooper
Business Coaching Townsville.