How COGS Make The Money Go 'Round

Money makes the world go ‘round, but how do you know if your business is actually making money?

It all starts with knowing your COGS, or “Cost of Goods Sold”. Knowing how much your product costs to make and how much your business really needs to earn in order to break even is the first step towards setting a profitable price and determining if your business is financially viable. But… how do you know your COGS?

In this live virtual workshop, we’ll take you step-by-step through calculating COGS, your operating expenses, and how to determine your real profit margin. We’ll also look at where the “hidden expenses” can eat into your budget, helping you to decide if a business, product, or event is really worth investing in.

While this workshop primarily focuses on product-based businesses, we will also discuss how to evaluate profitability in service-based businesses, and many of the principles apply to both. This workshop includes:

• Interactive activities,
• Q&A sessions, and
• A fillable workbook to keep honing your skills.

Location

Virtual Event