ALB 2024 The Path to Profit: Understanding Break-Even Dynamics
The Path to Profit: Understanding Break-even Dynamics
This course offers a comprehensive look at identifying and categorizing business expenses—fixed, variable, and periodical—and the significance of calculating the break-even point. Participants will gain hands-on experience with manual calculations and digital tools to analyze and improve their break-even points. Through this analysis, businesses can make data-driven decisions to enhance profitability and operational efficiency.
Learning Objectives:
- Identify and categorize business expenses.
- Calculate the break-even point manually and using digital tools.
- Develop strategies for reducing costs and increasing revenue.
- Optimize pricing models to improve the break-even point.
- Apply break-even analysis to make data-driven business decisions.
- Participate in interactive workshops to enhance understanding of financial management.
Reasonable accommodations for persons with disabilities and language assistance services are available for limited English proficient individuals. Please notify Marcela Mendoza at mmendoza-palacios@wesst.org when you register for the class, or no later than 24 hours prior to your class, so that WESST can make sure necessary accommodations are available. All programs and services are provided to the public on a nondiscriminatory basis.
Speaker(s): C. Sandro Tonini, Vice President of Lending, WESST Sandro came to WESST after hearing about the work WESST did with underserved communities. He developed a passion for teaching and increasing financial capability after a career in retail banking and market research. A trilingual First Generation American and personal witness to the American Dream, Sandro takes pride and finds fulfillment in serving marginalized communities. Sandro graduated with honors from the University of New Mexico where he studied Operations and Marketing. He is currently pursuing a master’s degree in finance. In addition to overseeing WESST’s Statewide microloan program, Sandro also directs the statewide implementation of WESST’s “Money Learning Lab”, which uses human centered design to develop and deliver financial capability training for, with, and in the communities of New Mexico.
Co-Sponsor(s): Made possible through funding from the State Small Business Credit Initiative (SSBCI) Technical Assistance Program managed by the New Mexico Economic Development Department’s JEDI Office.
Please Note: THIS CLASS IS BEING OFFERED ONLINE. AN INTERNET CONNECTION AND A COMPUTER (or highly capable tablet-type device) ARE NECESSARY. Video conferencing instructions will be sent to you after you have registered for the class. This training class will be delivered in English.
Fee: No Cost
Funded in part through a Cooperative Agreement with the U.S. Small Business Administration.
All opinions, conclusions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA.