Just wondering when do you know when you break even and how do you work it out. ie. does it include wages for the rest of the year. I am self employed and started business in January this year. ( service industry)
average takings were 4500 per month and fixed expenses are 1100 per month. I still owe about 1000 euro for supplies for office which are one off expenses and wont need reordering. When would I break even. Does break mean start up costs are all paid or does it mean wages for the year are made. Still havent had time to do a business course and accountant does all accounts for me. Just wondering how I stand.
Thanks
average takings were 4500 per month and fixed expenses are 1100 per month. I still owe about 1000 euro for supplies for office which are one off expenses and wont need reordering. When would I break even. Does break mean start up costs are all paid or does it mean wages for the year are made. Still havent had time to do a business course and accountant does all accounts for me. Just wondering how I stand.
Thanks