No one can predict the future, but you can plan for it. Knowing your cost of production, along with your financial situation allows you to identify and manage risk properly, measure your margins and develop targets. Having this information allows you to easily adjust your plan for changes along the way.
In this session, you will learn:
- Gross margin analysis;
- How to evaluate fixed costs in your operation; and,
- Information gained from a profit margin analysis and how to use it to plan for future operations.