Do you want to know how to predict your monthly income or when you’ll FINALLY start making profit? How much money should you have saved? How do you find out how much runway your business has? How do you operate your business from a point of confidence?
In this video, Ben and Errol answer your top questions on money. If you’re running a business, you need to learn how to speak the language of money so you can be confident in all of your decisions. If you’re smart about how you save and how you spend, your business can thrive, even in a recession.
Let us know if you’d like to see more covering this topic, by leaving us a comment.
Check out Errol’s course Managing Money!
How to Find Your Break Even Point:
Fixed Costs / Gross Profit Margin = Break Even Point
How to Become Profitable:
Break Even Point / Hourly Rate = Number of Hours to Reach Profit
Errol Gerson is the Managing Partner at The Gerson Group Consultants, with offices in Los Angeles, London and Johannesburg, South Africa. They specialize in strategic Financial Management planning, Strategic Tax planning, Succession Planning, Strategic Marketing and Management, Merger and Acquisition Strategies and Blue Ocean Strategy consulting.
Prior to the development of the Gerson Group, Errol was Director of Strategic Planning and New Media at CAA, COO of National Lampoon Television and was the co-founder and CEO of cow-Interactive—one of the first interactive Design and Advertising agencies in the US.
As an educator Errol Gerson has been teaching Business Management, Entrepreneurship and Leadership for Designers at the world renowned Art Center College of Design in Pasadena, for the past 47 years. Teaching some 6,500 students over a period of more than 141 continuous semesters.
#business #breakeven #profit
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