Talking Cents

Ways to lower your breakeven point, by small business accountants in Melbourne

Every business has a breakeven point for their funds and it is important for you to be able to lower it whenever you can. Our small business accountants in Melbourne have 3 ways in which you can lower your breakeven point.

Before we go any further, the breakeven point is the amount of profits a business needs to make before it can make any profits and this point includes bills, wages, stock, rent etc. Our accountants for small business in Southbank are going to tell you how to lower this:

• One of the simplest ways for you to lower your breakeven point is to raise your price and you might be surprised as to how accepting and willing customers will be when you do
• Remove some fixed costs from your system, go for a “pay as you go” system and this lowers your breakeven point due to only having to pay for what you use
• Up-sell and cross-sell your products, create new and innovative bundles that will make them want to buy more products from you rather than just the one

We hope that our accountants for small businesses in Melbourne have been able to help you lower your breakeven point.

Also feel free to contact our small business accountants in Melbourne if you have any enquiries.