Getting Your Price Right
BUSINESS SKILLS
To remain in business you must sell at a profit. This workshop will show you how to calculate the price of your goods, services and time. You will look at the market in terms of competition and the marketplace, market research and the elements of branding.
Workshop Content
- Market research and marketing.
- The marketplace; competition and branding.
- Accountancy terms; gross profit / gross margin / mark up.
- Breakeven.
- The effects of VAT.
- Sales targets.
What to Expect
This is an interactive and informative workshop which will use case studies and exercises to set up and familiarise yourself with formulas to calculate the correct selling price for your product(s) or service(s).
Preparation
We will contact you before the day to find out what your business sells and how you currently calculate your selling price. We may ask you to bring your calculations with you for reference.
We may ask you to send us your work before the workshop so we can review it in advance and make the best use of your time on the day.
Who Will Benefit?
Anyone starting up their own small business and those working in a small businesses whose role includes calculating the price the business charges for its goods or services. It will also help those whose businesses are not living up to the aspirations of the owner, in terms of earning.
Pre-Requisites
None
COMPUTER SKILLS
